Valid from 06/04/2005
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.