SCHEDULES
SCHEDULE 1Consequential amendments
Part 1Income and Corporation Taxes Act 1988
19
1
Amend section 36 (charge on sale of land with right to reconveyance) as follows.
2
In subsection (1)—
a
for “him”, in both places where it occurs, substitute “
the vendor
”
, and
b
for “his” substitute “
the vendor's
”
.
3
In subsection (2)(b)—
a
for “tax” substitute “
corporation tax
”
, and
b
for “him” substitute “
the vendor
”
.
4
In subsection (3) for “him” substitute “
the vendor
”
.
5
In subsection (4A)(b) for “chargeable” substitute “
accounting
”
.