Paragraph 5 F1
England, Wales and Scotland
Amounts in respect of items representing assets or income may not be set off against amounts in respect of items representing liabilities or expenditure (as the case may be), or vice versa.
Annotations
Textual amendments
- F1
Sch. 8 substituted (1.3.1997) by S.I. 1997/220, reg. 2(2), Sch. 1
Notes on Schedule 8
Textual amendments
- F1
Sch. 8 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 1 (with arts. 7, 12)
Notes on Part I
Textual amendments
- F1
Sch. 8 substituted (1.3.1997) by S.I. 1997/220, reg. 2(2), Sch. 1