Income Tax Act 2007 (c. 3)

SCHEDULES

SCHEDULE 2 U.K. Transitionals and savings

Part 12 U.K. Manufactured payments and repos

Tax credits: stock lending arrangements and repos U.K.

108 U.K. Sections 592 and 593 do not apply if the qualifying distribution was made before 8 April 1998.

109 (1) Section 592(3) does not apply if the qualifying distribution was received by the borrower before the relevant date. U.K.

(2) The relevant date is—

(a) if the borrower is an individual, 6 November 2003, and

(b) if the borrower is not an individual, 17 March 2004.

110 (1) Section 593(3) does not apply if the qualifying distribution was received by the interim holder before the relevant date. U.K.

(2) The relevant date is—

(a) if the interim holder is an individual, 6 November 2003, and

(b) if the interim holder is not an individual, 17 March 2004.