10E+W+SThe vesting in a successor company by this Act of a liability for any loan made to an existing body shall not affect any direction in respect of the loan given or having effect as if given by the Treasury under [F1section 755 of the Income Tax (Trading and Other Income) Act 2005] (income tax exemption for interest on foreign securities).
Textual Amendments
F1Words in Sch. 11 para. 10 substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 413 (with Sch. 2)