10(1)This paragraph applies where, in the case of any income (other than income falling within paragraph 6 or 9 above) arising to any person from any source—U.K.
(a)paragraph 4(2) or 6(2)(a) of Schedule 20 to the M1Finance Act 1994 applies; and
(b)any amount which is included in the income arising within the years 1995-96 and 1996-97 would not have been so included if—
(i)any relevant arrangements made between that person and another had not been made; or
(ii)any relevant transaction entered into by that person had not been entered into.
(2)Subject to sub-paragraph (3) below, the said paragraph 4(2) or 6(2)(a) shall have effect as if the reference to 50 per cent. of the aggregate of the amounts there mentioned were a reference to the aggregate of—
(a)50 per cent. of each of those amounts; and
(b)62.5 per cent. of each of the amounts falling within sub-paragraph (1)(b) above.
(3)Sub-paragraph (3) of paragraph 9 above shall apply for the purposes of this paragraph as it applies for the purposes of that paragraph.