326Writing off government investmentsU.K.
(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)[F1Section 94 of CTA 2010] (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 [F2Chapter 7 of Part 4] of that Act.
Textual Amendments
F1Words in s. 326(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 605(a) (with Sch. 2)
F2Words in s. 326(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 605(b) (with Sch. 2)