48(1)In subsection (7C) of section 826 of that Act (interest on tax overpaid)—
(a)in paragraph (a), for the words from “a relievable amount” to the end of the paragraph there shall be substituted “a non-trading deficit on the company’s loan relationships,”;
(b)in paragraph (b), for the words from “subsection (5)” to “subsection (10) of that section)” there shall be substituted “section 83(2)(c) of the Finance Act 1996 or paragraph 4(3) of Schedule 11 to that Act the whole or part of the deficit for the later period is set off against profits”; and
(c)in the words after paragraph (c), for “subsection (5) or (6) (as the case may be) of that section” there shall be substituted “section 83(2)(c) of that Act or, as the case may be, paragraph 4(3) of Schedule 11 to that Act”.
(2)In subsection (7CA) of that section, for the words “section 131(5) or (6) of the Finance Act 1993”, in each place where they occur, there shall be substituted “section 83(2)(c) of the Finance Act 1996 or paragraph 4(3) of Schedule 11 to that Act”.