- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
20(1)In Schedule 29 to FA 2002 (gains and losses of a company from intangible fixed assets), paragraph 115 (bad debts etc) is amended as follows.
(2)For sub-paragraph (1) substitute—
“(1)No debit may be brought into account for the purposes of this Schedule in respect of a debt owed to the company, except—
(a)by way of impairment loss, or
(b)to the extent that the debt is released as part of a statutory insolvency arrangement.”.
(3)Omit sub-paragraph (2).
(4)In sub-paragraph (3) for “sub-paragraph (1)(c)” substitute “sub-paragraph (1)(b)”.
(5)After sub-paragraph (5) insert—
“(6)In this paragraph “debt” includes an obligation or liability that falls to be discharged otherwise than by the payment of money.”.
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: