(1) Notwithstanding anything in the Acts, an investment undertaking shall not be chargeable to tax in respect of relevant profits otherwise than to the extent provided for in this Chapter.
(1A) [deleted]
(2) Notwithstanding Chapter 4 of Part 8, that Chapter shall apply to a deposit (within the meaning of that Chapter) to which an investment undertaking is for the time being entitled as if such deposit were not a relevant deposit within the meaning of that Chapter.