SCHEDULES

SCHEDULE 5U.K.Group mismatch schemes

Repeal of section 453 of CTA 2009U.K.

8(1)Omit section 453 of CTA 2009 (connected parties deriving benefit from creditor relationships).U.K.

(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.