133(1)Amend section 445 (disapplication of section 444 where Schedule 28AA to ICTA applies) as follows.U.K.
(2)In subsection (1) for “Schedule 28AA to ICTA” substitute “ Part 4 of TIOPA 2010 ”.
(3)In each of paragraphs (a) and (b) of that subsection for “that Schedule” substitute “ that Part ”.
(4)In subsection (2)(a) for “Schedule 28AA to ICTA” substitute “ Part 4 of TIOPA 2010 ”.
(5)In subsection (2)(b) for “that Schedule” substitute “ that Part ”.
(6)In subsection (3) for “Schedule 28AA to ICTA” substitute “ Part 4 of TIOPA 2010 ”.
(7)For subsection (3)(a) substitute—
“(a)the condition in section 147(1)(a) of TIOPA 2010 is met,
(aa)the participation condition is met (see subsection (3A)), and”.
(8)After subsection (3) insert—
“(3A)Section 148 of TIOPA 2010 (when the participation condition is met) applies for the purposes of subsection (3)(aa) as it applies for the purposes of section 147(1)(b) of TIOPA 2010.”
(9)In subsection (4) for “Schedule 28AA to ICTA,” substitute “ Part 4 of TIOPA 2010, ”.
(10)In subsection (5) for “Schedule 28AA to ICTA (see paragraph 1 of that Schedule)” substitute “ Part 4 of TIOPA 2010 (see sections 149 and 151 of that Act) ”.
(11)In the title for “Schedule 28AA to ICTA” substitute “ Part 4 of TIOPA 2010 ”.