# Income Tax Act 2007, Paragraph 361


(1) Amend Schedule 20A (Lloyd's underwriters: conversion to limited liability underwriting) as follows.
(2) In paragraph 2—
(a) in sub-paragraph (2) for “The carry-forward provision” substitute “ Section 83 of ITA 2007 ”, and
(b) omit sub-paragraphs (3) and (4).
(3) In paragraph 5(1), in the definition of “ordinary share capital”, for “section 832(1) of the Taxes Act 1988” substitute “ section 989 of ITA 2007 ”.
(4) In paragraph 7(2) for “Section 385 of the Taxes Act 1988” substitute “ Section 83 of ITA 2007 ”.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/361 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/schedule-1/paragraph-361
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.