# Income Tax (Trading and Other Income) Act 2005, Paragraph 34

Extent: E+W+S+N.I.

(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
(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 ”.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/schedule-1/paragraph-34
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.