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Amendment of section 812 (taxation of income deemed to arise from transfers of right to receive interest from securities) of Principal Act.
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40.— (1) Section 812 of the Principal Act is amended—
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(a) in subsection (2)(a)—
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(i) by inserting “and” at the end of subparagraph (ii), and
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(ii) by deleting subparagraph (iii),
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and
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(b) by deleting subsection (2)(b).
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(2) This section applies in relation to a sale, transfer or other realisation, on or after 7 March 2006, of the right to receive any interest (within the meaning of section 812) payable in respect of any securities (within the meaning of that section).
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