Finance (No. 2) Act 2008
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Amendment of section 122 (preferential loan arrangements) of Principal Act. |
5.— As respects the year of assessment 2009 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 “5 per cent” for “5.5 per cent” (inserted by the Finance Act 2008 ) in both places where it occurs, and | ||
(b) by substituting “12.5 per cent” for “13 per cent” (inserted by the Finance Act 2008 ). |