# Income Tax (Trading and Other Income) Act 2005, Paragraph 507


(1) Amend section 65 (relevant discounted securities) as follows.
(2) Omit subsections (1) to (6).
(3) In subsection (8) for “subsections (1) to (7) above have” substitute “ subsection (7) above has ”.
(4) In subsections (9) and (10) for “subsections (1) to (7)”, “have effect” and “do not affect” substitute “ subsection (7) ”, “ has effect ” and “ does not affect ” respectively.
(5) In subsections (11) and (12) for “subsections (1) to (7) above have” substitute “ subsection (7) above has ”.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/507 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/schedule-1/paragraph-507
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.