Regulation 6 Amendment of regulation 36

(1)

Amend regulation 36^f1 (application of certain provisions where investor ceases to be entitled to relief from tax) as follows.

(2)

In paragraph (6)—

(a)

omit paragraphs (i) and (iii) of sub-paragraph (b),

(b)

omit sub-paragraph (e)(i),

(c)

omit sub-paragraph (f)(ii),

(d)

omit sub-paragraph (g),

(e)

in sub-paragraph (h)—

(i)

at the end of paragraph (ii) insert the word “and”, and

(ii)

omit paragraphs (iii) and (iv), and

(f)

omit sub-paragraph (i) and the word “and” immediately preceding it.

(3)

In paragraph (8) for “lower rate” substitute “basic rate”.

(4)

In paragraph (9)(a) for “lower rate” substitute “basic rate”.

Annotations

f1: Regulation 36 was inserted by S.I. 1998/3174; relevant amending instruments are S.I 2002/453, 2004/2996 and 2008/704.