SCHEDULES

SCHEDULE 15Loan relationships: savings and transitional provisions

Part ICorporation tax

Transitional in respect of incidental expenses already allowed

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To the extent that any deduction in respect of any charges or expenses incurred as mentioned in section 84(3) of this Act has been made for the purposes of corporation tax in any accounting period ending before 1st April 1996, those charges or expenses shall not be included in the charges or expenses in relation to which debits may be brought into account for the purposes of this Chapter.