# The Income Tax Act 2007 (Amendment) (No. 2) Order 2007, Article 4: Amendments to the Income Tax Act 2007


(1) The Income Tax Act 2007 is amended as follows.
(2) In section 620(1) (transactions which are transfers: general) for paragraph (c) substitute—
“(c) to the redemption of variable rate securities in any case where there has been a transfer of the securities at any time before redemption, or”.
(3) In paragraph 75(2) of Schedule 2 (transitionals and savings), in the substituted section 294(4), for “qualifying 90% company” substitute “qualifying 90% subsidiary of the relevant company”.

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Source: https://www.legislation.gov.uk/uksi/2007/1820/article/4 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007-amendment-no-2-order-2007/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.