http://www.legislation.gov.uk/id/ukpga/2002/23

SCHEDULES

SCHEDULE 25Loan relationships

Part 2Amendments of other enactments

The Taxation of Chargeable Gains Act 1992

Interest charged to capital

60

(1)

Section 40 of the Taxation of Chargeable Gains Act 1992 (c. 12) is amended as follows.

(2)

After subsection (3) add—

“(4)
In consequence of Chapter 2 of Part 4 of the Finance Act 1996 (c. 8) (loan relationships) this section does not have effect in relation to interest referable to an accounting period ending on or after 1st April 1996.”.