SCHEDULES
SCHEDULE 7Loan relationships and derivative contracts
PART 1Loan relationships: amendments of Parts 5 and 6 of CTA 2009
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1
Section 342 (issue of new securities on reorganisations: disposal at notional carrying value) is amended as follows.
2
In subsection (3), for “its carrying value in” substitute “
its tax-adjusted carrying value based on
”
.
3
In subsection (4), omit the definition of “carrying value”.