SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

Finance Act 2006 (c. 25)

617

In section 107 (conditions for tax-exempt business)—

a

in subsection (7)(a) omit “(within the meaning given by section 839 of ICTA)”, and

b

after subsection (7) insert—

7A

For the purposes of subsection (7)(a) whether a person is connected with another person is determined in accordance with section 839 of ICTA (connected persons).