SCHEDULES

SCHEDULE 25Loan relationships

Part 1Amendments of the Finance Act 1996

24Bad debt etc where parties have a connection

1

Paragraph 6 of Schedule 9 is amended as follows.

2

In sub-paragraph (2) (credits and debits to be computed subject to sub-paragraphs (3) to (6)) after “sub-paragraphs (3) to (6)” insert “ and paragraphs 6A and 6B ”.

3

In sub-paragraph (3) (assumption that every amount will be paid in full to be applied, subject to any departure allowed by sub-paragraph (4)) after “sub-paragraph (4)” insert “ or paragraph 6A or 6B ”.