Related Commentary  

357(1)  In this Part references to the CITR attributable to any loan, securities or shares in respect of a tax year are read as references to the reduction which–

(a)is made in the investor's liability to income tax for that year, and

(b)is attributed to that loan, or those securities or shares, in accordance with this section and section 358.

This is subject to the provisions of Chapter 6 for the withdrawal or reduction of CITR.

357(2)  Subsections (3) and (4) apply if the investor's liability to income tax is reduced for a tax year under this Part.

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