Distributions from shares treated as loan relationships
6(1)In FA 1996, in—
(a)section 91A(2)(b) (distributions in respect of shares subject to outstanding third party obligations), and
(b)section 91B(2)(b) (distributions in respect of non-qualifying shares),
omit “falling within section 209(2)(a) or (b) of the Taxes Act 1988”.
(2)The repeals made by sub-paragraph (1) have effect in relation to distributions on or after 9 October 2007.