SCHEDULES

SCHEDULE 23 U.K. Exchange gains and losses from loan relationships etc

Part 1 U.K. Amendments of the Finance Act 1996

Meaning of “related transaction” U.K.

2 (1) Section 84 (debits and credits brought into account) is amended as follows.

(2) In subsection (5) (meaning of “related transaction” in the section) for “In this section” substitute “ In this Chapter ”.

(3) In subsection (6) (disposals and acquisitions for the purposes of the section) for “for the purposes of this section” substitute “ for the purposes of subsection (5) above ”.