Paragraph 46 Income Tax Act 2007
United Kingdom
(1)
Section 75 (trade leasing allowances given to individuals) is amended as follows.
(2)
In subsection (5)—
(a)
omit “the basis period for”;
(b)
omit “(“the loss-making basis period”)”.
(3)
In subsection (6), in each of paragraphs (a) and (b), for “loss-making basis period” substitute “tax year”.