SCHEDULES

SCHEDULE 25Loan relationships

Part 1Amendments of the Finance Act 1996

20Distributions

In Schedule 9 (loan relationships: special computational provisions) in paragraph 1, at the beginning insert “ (1) ” and at the end insert—

2

Nothing in section 80(5) of this Act prevents an amount which, by virtue of sub-paragraph (1) above, is not brought into account for the purposes of this Chapter from being brought into account for the purposes of corporation tax apart from this Chapter.