10(1)Section 91A of FA 1996 (shares treated as loan relationship: shares subject to outstanding third party obligations) is amended as follows.U.K.
(2)In subsection (7), for “paragraph (b) above” substitute “ this subsection ”.
(3)In subsection (8)(b), after “will be” insert “ or has been ”.
11(1)Section 91C of FA 1996 (shares treated as loan relationship: shares likely to increase in value at rate representing return on investment of money) is amended as follows.U.K.
(2)In subsection (1), for “paragraph (b) above” substitute “ this subsection ”.
(3)In subsection (6), for “entered into by the investing company” substitute “ or has been entered into ”.
12U.K.The amendments made by paragraphs 10 and 11 have effect in relation to times on or after 12 March 2008.