Related Commentary  Related HMRC Manuals

23(1)  Chapter 6 of Part 5 of CTA 2009 (loan relationships: connected companies and impairment losses and releases of debt) is amended as follows.

23(2)  In section 362 (parties becoming connected where creditor's rights subject to impairment adjustment)–

(b)[substitutes CTA 2009, s. 362(3) and (4),]

(c)[amends CTA 2009, s. 362(5) and omits 362(5)(c),]

(d)[amends heading to CTA 2009, s. 362.]

23(3)  [Inserts CTA 2009, s. 363A.]

23(4)  The amendments made by subsection (2) have effect as follows–

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