Regulation 19 Application, modification and non-application of provisions of the Corporation Tax Acts
Paragraph 2 of Schedule 9 to the Finance Act 1996 (loan relationships: special computational provisions: late interest)f1 shall not apply if the person standing in the position of a creditor as respects a loan relationship within that paragraph is a securitisation company.
Paragraph 12 of that Schedule (continuity of treatment: groups etc)f2 shall not apply if the “transferee company” or “transferor company” in subparagraph (1) of that paragraph is a securitisation company.
Annotations
Footnotes
- f1
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Paragraph 2 of Schedule 9 was amended by section 82 of, and paragraphs 1 and 22 of Schedule 25 to, the Finance Act 2002 (c. 23), sections 178 and 216 of, and paragraphs 1 and 2 of Schedule 37 and part 3(14) of Schedule 43 to, the Finance Act 2003, sections 48, 281 and 284 of, and paragraph 2 of Schedule 8 and paragraphs 43 and 45 of Schedule 35 to, the Finance Act 2004 and sections 40 and 70 of, and paragraph 2 of Schedule 8 and part 2(9) of Schedule 11 to, the Finance (No. 2) Act 2005.
- f2
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Paragraph 12(1) was relevantly amended by section 102 of, and paragraph 44(1), (4) and (5) of Schedule 29 to, the Finance Act 2000, articles 92 and 94 of S.I. 2001/3629 and regulation 9 of S.I. 2004/2200.