Corporation Tax Act 2009

Finance Act 2002 (c. 23)

541 (1) Amend Schedule 23 (exchange gains and losses from loan relationships etc) as follows.

(2) Omit paragraph 25 (anti-avoidance: change of accounting period).

(3) In paragraph 26 (deferred foreign exchange gains)—

(a) in sub-paragraph (2)—

(i) in paragraph (a) for “Chapter 2 of Part 4 of the Finance Act 1996 (c. 8)” substitute “Part 5 of the Corporation Tax Act 2009”,

(ii) in paragraph (b) for “that Chapter” substitute “that Part”, and

(iii) in paragraph (c) for “section 82(2) of the Finance Act 1996” substitute “section 297(2) of the Corporation Tax Act 2009”, and

(b) in sub-paragraph (5) for “subsection (8) of section 84A of the Finance Act 1996” and “subsection (9)” substitute “section 328(5) of the Corporation Tax Act 2009” and “subsection (6)” respectively.