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SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 1Income and Corporation Taxes Act 1988

13(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).