# The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008, Paragraph 2


In section 116(8A) (reorganisations, conversions and reconstructions) at the end insert—
“This subsection does not apply in relation to a transaction to which paragraph 12G of Schedule 9 to the Finance Act 1996 (c. 8) (exchanges etc: treatment of loan relationships) applies.”.

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Source: https://www.legislation.gov.uk/uksi/2008/1579/schedule/1/paragraph/2 (the official version)
Page: https://openlegislation.uk/corporation-tax-implementation-of-the-mergers-directive-regulations-2008/schedule-1/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.