Paragraph 171

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Amend section 736B (deemed manufactured payments in the case of stock lending arrangements) as follows.

(2)

In subsection (2)—

(a)

after “that Schedule” insert “ , and section 97 of the Finance Act 1996 (loan relationships: manufactured interest), ”, and

F1(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)

In subsection (2A)—

(a)

in paragraph (a) omit “income tax or”, and

(b)

in paragraph (b) omit “total income or, as the case may be,”.

Annotations

F1: Sch. 1 para. 171(2)(b) repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)