This section has no associated Explanatory Notes
28(1)Paragraph 11 of Schedule 9 to the Finance Act 1996 (c. 8) is not to have effect where, as a result of a relevant transfer, the transferee replaces the transferor as a party to a loan relationship.E+W+S
(2)Expressions used in this paragraph and in Chapter 2 of Part 4 of the Finance Act 1996 have the same meanings in this paragraph as in that Chapter.
Commencement Information
I1Sch. 10 para. 28 in force at 24.7.2005 by S.I. 2005/1909, art. 2, Sch.