SCHEDULES
SCHEDULE 1Consequential amendments
Part 1Income and Corporation Taxes Act 1988
115
1
Amend section 231AB (no tax credit for original owner under repurchase agreement in respect of certain manufactured dividends) as follows.
2
In subsection (1) after “section 231” insert “
above or section 397(1) of ITTOIA 2005
”
.
3
In subsection (1A)—
a
for “a relevant person”, “section 233(1)” and “Schedule F” substitute “
a person resident in the United Kingdom
”
, “
section 399(2) of ITTOIA 2005
”
and “
dividend
”
respectively, and
b
omit the second sentence.