Amendments of Part 9 of Schedule 26
This section has no associated Explanatory Memorandum
7. At the end of paragraph 45F add—
“(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.”.