Section 326 — Corporation Tax Act 2009: Writing off government investments

Writing off government investments 326 1 This section applies if a government investment in a company is written off by the release of a liability to pay any amount under a debtor relationship of the company.

2 The company is not required to bring into account a credit for the purposes of this Part in respect of the release.

3 Section 94 of CTA 2010 (write-off of government investment) applies for interpreting the reference in subsection (1) to a government investment in a company being written off as it applies for the purposes of Chapter 7 of Part 4 of that Act.