Finance (No. 2) Act 2015 (c. 33)

SCHEDULES

SCHEDULE 7 U.K. Loan relationships and derivative contracts

PART 3 U.K. Amendments of TCGA 1992 relating to loan relationships

98 (1) Section 151E of TCGA 1992 (exchange gains and losses from loan relationships: regulations) is amended as follows. U.K.

(2) In subsection (1)—

(a) for “amounts” substitute “ exchange gains or losses (as defined by section 475 of CTA 2009) ”, and

(b) for “or (4) of that Act” substitute “ of that Act or because of regulations under section 328(4) of that Act ”.

(3) After that subsection insert—

“(1A) The regulations may make provision as to the way in which, including the currency by reference to which, the amounts to be brought into account are to be calculated.”