(1) The Principal Act is amended -
(a) in section 118(5E) by inserting the following after paragraph (b):
"(c) This subsection shall not apply as respects the year of assessment 2011 and each subsequent year of assessment.",
(b) in section 120A by inserting the following after subsection (3):
"(4) This section shall not apply as respects the year of assessment 2011 and each subsequent year of assessment.",
and
(c) in section 122(1)(a) in the definition of "preferential loan" by substituting "paid" for "payable" in each place.
(2) Subsection (1)(c) shall have effect as on and from 26 January 2011.