Amendments made: No. 99, in page 178, line 5, at end insert—
'(10) Where, in Scotland, two or more persons carry on a trade or business in partnership, any partnership dealings shall be treated as dealings by the partners and not by the firm as such and the partners as being entitled to securities held by the firm.'.
No. 21, in page 178, line 39, leave out sub-paragraph (7) and (8) and insert—
'(7) In the case of a period which is an interest period by virtue only of sub-paragraph (4) above or paragraph 18F(3) below—
No. 101, in page 181, line 4, at end insert—
'8A. —(1) Sub-paragraph (2) below applies where—
(2) Chapters II to IV of Part XVI of the Taxes Act (settlements) shall have effect as if the amount which the trustee is or would be treated as receiving were income (withing Chapter II) or income arising under the settlement (within Chapter III or IV).
(3) Sub-paragraph (4) below applies where income of a trustee of a settlement who is resident or domiciled outside the United Kingdom throughout any chargeable period in which an interest period (or part of it) falls consists of interest which falls due at the end of the interest period and which would have been treated under section 71(5) of this Act as reduced by an allowance or an allowance of a greater amount if he had been resident or domiciled in the United Kingdom during a part of each such chargeable period.
(4) For the purposes of Chapters II of Part XVI of the Taxes Act, the interest shall be treated as being reduced by the amount of the allowance or by the additional amount (as the case may be).
(5) In this paragraph—