SCHEDULES
SCHEDULE 1Abolition of dividend tax credits etc
Further amendments in ITTOIA 2005
26
In section 854(6) (carrying on by partner of notional business: meaning of “untaxed income”)—
a
omit the “or” at the end of paragraph (b), and
b
after paragraph (c) insert—
d
income chargeable under Chapter 5 of Part 4 (stock dividends from UK resident companies), or
e
income chargeable under Chapter 6 of Part 4 (release of loan to participator in closed company).