SCHEDULES
SCHEDULE 25Loan relationships
Part 1Amendments of the Finance Act 1996
2Meaning of “loan relationship” etc: method of settlement
1
Section 81 is amended as follows.
2
In subsection (2) (which defines a money debt as a debt which falls to be settled by the payment of money etc)—
a
for “which falls” substitute “
which is, or has at any time been, one that falls, or that may at the option of the debtor or of the creditor fall,
”
; and
b
after paragraph (b) insert—
disregarding any other option exercisable by either party.