CTA10/S458 and CTA10/S464B

Where the whole or part of a loan or advance is repaid, released or written off, (or a return payment is made in respect of an amount chargeable under CTA10/S464A) the company is entitled to relief from the tax chargeable under CTA10/S458 (or CTA10/S464B) or a proportionate part of it. The claim has to be made within four years from the end of the financial year in which the loan is repaid, released or written off. The time limit was six years for repayments made in financial years ending before 1 April 2010.

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