6(1)Section 434 of the Taxes Act 1988 (franked investment income etc) shall be amended as follows.
(2)Subsections (3B) to (3D) (which relate to foreign income dividends) shall cease to have effect.
(3)In subsection (6A), paragraphs (aa) to (ac) (which define expressions used in subsections (3B) to (3D)) shall cease to have effect.
(4)This paragraph has effect for accounting periods beginning on or after 6th April 1999.