SCHEDULES
SCHEDULE 5Group mismatch schemes
Repeal of section 453 of CTA 2009
8
1
Omit section 453 of CTA 2009 (connected parties deriving benefit from creditor relationships).
2
That repeal has effect in relation to loan relationships to which a company is a party on or after the commencement date.
3
But amounts are to continue to be brought into account for the purposes of Part 5 of CTA 2009 disregarding that repeal if the amounts relate to a time before the commencement date.