# Income Tax (Trading and Other Income) Act 2005, Paragraph 366


(1) Amend section 18 (interest paid without deduction of income tax) as follows.
(2) In subsection (3E)(b) for “relevant” substitute “ deeply ”.
(3) For subsection (3F) substitute—
“(3F) In subsection (3E)(b) above “deeply discounted security” has the same meaning as in Chapter 8 of Part 4 of ITTOIA 2005 (profits from deeply discounted securities) (see section 430 of that Act).”

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Source: https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/366 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/schedule-1/paragraph-366
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.