Amendments to Chapter 6 of Part 7 of ITEPA 2003
25(1)Paragraph 56 (repayment of partnership share money) is amended as follows.
(2)In sub-paragraph (1) for “approval of the plan is withdrawn (see paragraph 83)” substitute “plan is not to be a Schedule 2 SIP by virtue of paragraph 81H or 81I”.
(3)In sub-paragraph (2) for the words from “notice” to the end substitute “the relevant day”.
(4)After sub-paragraph (2) insert—
“(2A)If the plan is not to be a Schedule 2 SIP by virtue of paragraph 81H, in sub-paragraph (2) “the relevant day” means—
(a)the last day of the period in which notice of an appeal under paragraph 81K(2)(a) may be given, or
(b)if notice of such an appeal is given, the day on which the appeal is determined or withdrawn.
(2B)If the plan is not to be a Schedule 2 SIP by virtue of paragraph 81I, in sub-paragraph (2) “the relevant day” means—
(a)the last day of the period in which notice of an appeal under paragraph 81K(3) may be given, or
(b)if notice of such an appeal is given, the day on which the appeal is determined or withdrawn.”