SCHEDULES

SCHEDULE 1 U.K.Abolition of dividend tax credits etc

Further amendments in ITTOIA 2005 U.K.

26 U.K.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).”