Corporation Tax Act 2009

291 (1) Amend Schedule 28AA (provision not at arm's length) as follows. U.K.

(2) In paragraph 1(2) for “8, 10 and 13 below,” substitute “ 10 and 13 below and sections 447(5) and (6) and 694(8) and (9) of CTA 2009, ”.

(3) In paragraph 2(1) for “8 to 11 below” substitute “ 9 to 11 below and sections 447(5) and (6) and 694(8) and (9) of CTA 2009 ”.

(4) In paragraph 6A(3) for the words from “the same meaning as” to the end substitute “ the meaning given by section 174 of ITTOIA 2005 or section 163 of CTA 2009. ”

(5) In paragraph 6E—

(a) omit “Case III of Schedule D or”, and

(b) after “2005” insert “ or required to be brought into account under Part 5 of CTA 2009 as a non-trading credit ”.

(6) In the heading above paragraph 6E for “chargeable under Case III of Schedule D” substitute “ chargeable ”.

(7) Omit paragraph 8(1), (3) and (4).

(8) In paragraph 14(1), in the definition of “losses”—

(a) in paragraph (a) for “section 75(9)” substitute “ section 1223 of CTA 2009 ”, and

(b) for paragraph (d) substitute—

“(d) sections 387 to 391 or Chapter 16 of Part 5 of CTA 2009 (deficits on loan relationships);”.