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7(1)Paragraph 32 (leasing business carried on by a company in partnership: amount of expense) is amended as follows.
(2)In sub-paragraph (1)—
(a)in sub-paragraph (c), for “increases at any time on” substitute “is greater at the end of that day than at the start of”, and
(b)in sub-paragraph (d), omit “at that time” (in both places).
(3)For sub-paragraph (3) substitute—
“(3)The appropriate percentage is—
where—
OCI is the increase in the other company’s percentage share in the profits or losses of the business which is wholly attributable to the change in the partner company’s interest in the business, and
PCD is the decrease in the partner company’s percentage share in the profits or losses of the business.”
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