Loan relationships terminated before 1st April 1996U.K.
2U.K.Subject to paragraph 13(6) below, the amounts which are to be brought into account for the purposes of corporation tax in any transitional accounting period of a company by reference to any loan relationship to which it was a party only at a time before 1st April 1996—
(a)shall not be computed in accordance with this Chapter; but
(b)shall, instead, be computed as they would be for an accounting period ending on 31st March 1996.