Statute
Section 28 — Finance Act 2014: De-grouping charges (loan relationships etc)
Text of the provision Official document
De-grouping charges (loan relationships etc) 28 1 CTA 2009 is amended as follows.
2 In each of sections 345 and 346 (loan relationships: transferee leaving group)—
a in subsection (2), omit “If condition A or B is met,”, and b omit subsections (3) to (5).
3 In each of sections 631 and 632 (derivative contracts: transferee leaving group)—
a in subsection (2), omit “If condition A or B is met,”, and b omit subsections (3) and (4).
4 An amendment made by this section has effect where the cessation of membership of the relevant group occurs on or after 1 April 2014.
Official source: legislation.gov.uk
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