Finance Act 1996

[F1 Release of liability under creditor relationship: application of provisions relating to impairment losses U.K.

Textual Amendments

F1 Sch. 9 para. 5ZA and cross-heading inserted (7.4.2005) by Finance Act 2005 (c. 7), Sch. 4 para. 12

5ZA U.K. 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.]