SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 1Income and Corporation Taxes Act 1988

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1

Amend section 24 (construction of Part 2) as follows.

2

In subsection (1)—

a

after “lessee or a lessor;” insert “ and ”, and

b

omit the definition of “premium”.

3

Omit subsections (2) to (4).

4

In subsection (5) omit the definitions of “intermediate landlord”, “premium” and “reversion”.

5

Omit subsection (6)(a).