Finance Act 2007
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Amendment of section 122 (preferential loan arrangements) of Principal Act. |
7.— As respects the year of assessment 2007 and subsequent years of assessment, section 122 of the Principal Act is amended in the definition of “ the specified rate” in subsection (1)(a)— | |
(a) by substituting “4.5 per cent” for “3.5 per cent” (inserted by the Finance Act 2004 ) in both places where it occurs, and | ||
(b) by substituting “12 per cent” for “11 per cent” (inserted by the Finance Act 2003 ). |