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775 Certain approved schemes: provisions supplementary to section 774(6).

(b) the reference to the relevant maximum is a reference to the amount which would have been that aggregate if the restriction on deductions for sums other than actual payments imposed by virtue of section 774(6) had been applied in relation to every previous chargeable period,

(3) For the purposes of this section, any payment which is treated under paragraph (d) of section 774(6) as spread over a period of years shall be treated as actually paid at the time when it is treated as paid in accordance with that paragraph.