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Paragraph 34

United Kingdom

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

(1)

Amend section 56 (transactions in deposits with and without certificates or in debts) as follows.

(2)

In subsection (2)—

(a)

for “person”, in the first place where it occurs, substitute “ company ”, and

F1(b)

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

(3)

In subsection (3)

(a)

for “does” substitute “ and section 551 of ITTOIA 2005 (charge to income tax on profits from disposal of deposit rights) do ”, and

(b)

in paragraph (a) for “person” substitute “ company ”.

Annotations

Textual amendments

F1

Sch. 1 para. 34(2)(b) repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)