Finance Act 1996 (c. 8)

SCHEDULES

SCHEDULE 9 U.K. Loan relationships: special computational provisions

Modifications etc. (not altering text)

C1 Sch. 9 modified (19.7.2006) by Finance Act 2006 (c. 25), s. 136(2)(d)

[F1 Debits and credits recognised in equity or shareholders' funds U.K.

Textual Amendments

F1 Sch. 9 para. 14A and cross-heading inserted (7.4.2005) by Finance Act 2005 (c. 7), Sch. 4 para. 30

14A U.K. Where in accordance with generally accepted accounting practice a debit or credit for a period in respect of a loan relationship of a company—

(a) is recognised in equity or shareholders' funds, and

(b) is not recognised in any of the statements mentioned in section 85B(1),

the debit or credit shall be brought into account for that period for the purposes of this Chapter in the same way as a debit or credit that, in accordance with generally accepted accounting practice, is brought into account in determining the company's profit or loss for that period.]