Tidying up of Chapter 2 of Part 4 of FA 1996U.K.
6(1)Chapter 2 of Part 4 of FA 1996 (loan relationships) is amended as follows.U.K.
(2)In section 103(3) (loan relationships: interpretation), omit “or” at the end of paragraph (a) and after paragraph (b) insert “or
(c)any basic life assurance and general annuity business,”.
F1(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)In Schedule 11, omit paragraph 1(1A) to (1C).
Textual Amendments
F1Sch. 10 para. 6(3) omitted (with effect in accordance with Sch. 14 para. 18 of the amending Act) by virtue of Finance Act 2008 (c. 9), Sch. 14 para. 17(p)