326Writing off government investmentsU.K.
This section has no associated Explanatory Notes
(1)This section applies if a government investment in a company is written off by the release of a liability to pay any amount under a debtor relationship of the company.
(2)The company is not required to bring into account a credit for the purposes of this Part in respect of the release.
(3)Section 400(7) and (8) of ICTA (write-off of government investment) applies for interpreting the reference in subsection (1) to a government investment in a company being written off as it applies for the purposes of section 400(1) of that Act.