# Income Tax Act 2007, Paragraph 397


(1) Amend section 4 (capital expenditure) as follows.
(2) In subsection (4) for “section 348 or 349(1) of ICTA (annual payments)” substitute “ Chapter 6 of Part 15 of ITA 2007 (deduction from annual payments or patent royalties) or under section 906 of that Act (certain royalties etc where usual place of abode of owner is abroad) ”.
(3) Omit subsection (5).

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Source: https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/397 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/schedule-1/paragraph-397
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.