Regulation 5 Amendments to the principal Regulations
(1)
In regulation 8—
(a)
in paragraph (1) for “(2)” there shall be substituted “(1A)”;
(b)
after paragraph (1) there shall be inserted the following paragraph—
“(1A)In sub-paragraph (2)f1 for the words from “under paragraph 7(1) above” to “assigns” there shall be substituted the words “which is made by the trustees to him or his personal representatives or assigns out of his special reserve fund under paragraph 7(1) above, or otherwise than”.”.
(2)
This regulation shall have effect for the year 1994-95 and subsequent years of assessment.
Annotations
Footnotes
- f1
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Paragraph 11(2) of Schedule 20 was amended by paragraph 15(1) of Schedule 21 to the Finance Act 1994 with effect for the year 1994–95 and subsequent years of assessment.