SCHEDULES

SCHEDULE 23Exchange gains and losses from loan relationships etc

Part 1Amendments of the Finance Act 1996

Special provisions for insurers: apportionments

15

In paragraph 3A of Schedule 11 (cases where money debt of insurance company is represented by a liability of the long term business fund) in sub-paragraph (1)—

(a)

in paragraph (a), for “money debt” substitute “ loan relationship ”; and

(b)

in paragraph (b), omit “debt or”.