Paragraph 29

(1)

Section 269ZF (“relevant trading profits” and “relevant non-trading profits”) is amended in accordance with this paragraph.

(2)

In subsection (2)—

(a)

for “ “relevant non-trading profits””, in both places it occurs, substitute “ “relevant non-trading income profits” ”,

(b)

in paragraph (a), for “qualifying non-trading profits” substitute “ qualifying non-trading income profits ”, and

(c)

in paragraph (b) for “non-trading profits deductions allowance” substitute “ non-trading income profits deductions allowance ”.

(3)

In subsection (3), in the words before step 1, for “and qualifying non-trading profits” substitute “ , qualifying non-trading income profits and qualifying chargeable gains ”.

(4)

In subsection (3), in paragraph (3) of step 1—

(a)

for “and relevant non-trading profits” substitute “ , qualifying non-trading income profits and qualifying chargeable gains ”, and

(b)

for “both” substitute “ each ”.

(5)

In subsection (3), in paragraph (3) of step 2—

(a)

for “and the qualifying non-trading profits” substitute “ , qualifying non-trading income profits and qualifying chargeable gains ”, and

(b)

for “both” substitute “ each ”.

(6)

In the heading, for “and “relevant non-trading profits”” substitute “ , “total relevant non-trading profits” etc ”.