Finance Act 1996 (c. 8)

SCHEDULES

SCHEDULE 14 U.K. Loan relationships: minor and consequential amendments

The Taxes Act 1988 U.K.

53 U.K. In Schedule 26 to that Act (controlled foreign companies), in paragraph 1(3), the word “and” shall be inserted at the end of paragraph (e), and after that paragraph there shall be inserted the following paragraph—

“(f) any non-trading deficit on its loan relationships.”