SCHEDULES

SCHEDULE 14 Loan relationships: minor and consequential amendments

The Taxation of Chargeable Gains Act 1992 (c. 12)

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1

In section 254 of that Act (relief for debts on qualifying corporate bonds), in subsection (1)(c), after “bond” there shall be inserted “ but is not a relevant discounted security for the purposes of Schedule 13 to the Finance Act 1996 ”.

2

After subsection (12) of that section there shall be inserted the following subsection—

13

This section does not apply for the purposes of corporation tax.