SCHEDULES
SCHEDULE 3Sideways relief etc
Commencement
11
1
The amendments made by this Schedule have effect in relation to a loss if it arises directly or indirectly in consequence of, or otherwise in connection with—
a
arrangements which are entered into on or after 21 October 2009, or
b
any transaction forming part of arrangements which is entered into on or after that date.
2
But those amendments do not have effect where the arrangements are, or any such transaction is, entered into pursuant to an unconditional obligation in a contract made before that date.
3
“An unconditional obligation” means an obligation which may not be varied or extinguished by the exercise of a right (whether or not under the contract).