The Finance Act 2002, Schedule 26, Parts 2 and 9 (Amendment No. 2) Order 2004 No. 3270

Amendments of Part 9 of Schedule 26

6.  In paragraph 45D(1) for sub-paragraph (8) substitute—

“(8) A loan relationship which is one to which sub-paragraph (1) applies, shall not be treated as a qualifying corporate bond by virtue of section 117(A1) of the Taxation of Chargeable Gains Act 1992, if this paragraph applies to the embedded derivative contract.”.

(1)

Paragraphs 45A to 451 were inserted by article 15 of S.I. 2004/2201.