SCHEDULES
SCHEDULE 12Tax credit for certain foreign distributions
Part 2Consequential provision
ITA 2007
23
ITA 2007 is amended as follows.
24
In section 425(5) (gift aid: deductions when calculating total amount of income tax to which individual charged for a tax year)—
a
in paragraph (a), omit “and” at the end of sub-paragraph (v), and
F8b
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F525
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F1126
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27
1
Section 592 (no tax credits for borrower under stock lending arrangement) is amended as follows.
2
In subsection (1)—
F3a
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b
in paragraph (c), omit “UK”, and
F4c
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F13
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28
1
Section 593 (no tax credits for interim holder under repo) is amended as follows.
2
In subsection (1)—
F15a
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b
in paragraphs (b) and (d), omit “UK”, and
F12c
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F133
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29
1
Section 594 (no tax credits for original owner under repo) is amended as follows.
2
In subsection (1)—
F9a
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b
in paragraph (b), omit “UK”,
c
in paragraph (d)—
F10i
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ii
omit “UK”, and
F14d
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F23
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F630
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F731
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