SCHEDULES
C1SCHEDULE 9 Loan relationships: special computational provisions
Annotations:
Modifications etc. (not altering text)
F1Release of liability under creditor relationship: application of provisions relating to impairment losses
Annotations:
Amendments (Textual)
F1
Sch. 9 para. 5ZA and cross-heading inserted (7.4.2005) by Finance Act 2005 (c. 7), Sch. 4 para. 12
5ZA
The provisions of—
a
paragraph 5A (impairment losses and consortium relief), and
b
paragraphs 6, 6A and 6C (restrictions on bringing impairment losses into account),
apply in relation to a debit in respect of a release by a company of liability under a creditor relationship of the company as they apply in relation to an impairment loss.
Sch. 9 modified (19.7.2006) by Finance Act 2006 (c. 25), s. 136(2)(d)