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Changes over time for: Cross Heading: Valuation of controlled transactions


Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 21/07/2009.
Changes to legislation:
Political Parties, Elections and Referendums Act 2000, Cross Heading: Valuation of controlled transactions is up to date with all changes known to be in force on or before 08 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
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[Valuation of controlled transactionsU.K.
3(1)The value of a controlled transaction which is a loan is the value of the total amount to be lent under the loan agreement.U.K.
(2)The value of a controlled transaction which is a credit facility is the maximum amount which may be borrowed under the agreement for the facility.
(3)The value of a controlled transaction which is an arrangement by which any form of security is given is the contingent liability under the security provided.
(4)For the purposes of sub-paragraphs (1) and (2), no account is to be taken of the effect of any provision contained in a loan agreement or an agreement for a credit facility at the time it is entered into which enables outstanding interest to be added to any sum for the time being owed in respect of the loan or credit facility, whether or not any such interest has been so added.]
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