16(1)Section 91E of FA 1996 (shares treated as loan relationship: schemes etc designed to produce return equating to return on investment of money at interest) is amended as follows.
(2)In subsection (1)—
(a)after “arrangement” insert “(whether or not the investing company is a party to it)”, and
(b)after “return” insert “(for any one or more persons)”.
(3)In subsection (3), insert at the end (but not as part of paragraph (d))—
“and acquiring rights or receiving benefits in respect of other shares.”
(4)The amendments made by this paragraph have effect in relation to times on or after 12 March 2008.