SCHEDULES
SCHEDULE 14 Loan relationships: minor and consequential amendments
The Taxes Act 1988
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1
In subsection (2) of section 475 of that Act (relief in relation to tax free Treasury securities in respect of borrowed money), for paragraph (b) there shall be substituted the following paragraph—
b
shall not be brought into account by way of any debit given for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships).
2
In subsection (4) of that section, for the words from “and is not” onwards there shall be substituted “
or to be brought into account by way of a debit given for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships).
”