# The Exchange Gains and Losses (Miscellaneous Modifications) Regulations 2000, Regulation 5: Modification of the Exchange Gains and Losses (Transitional Provisions) Regulations 1994


In regulation 22(3) for sub-paragraph (b) substitute—
“(b) a debt shall be disregarded for the purposes of paragraph (1)(b) above unless it is held or owed for the purposes of a business or part of a business and is in a currency other than the local currency of the business or part (whether or not it is the same as the currency of the original debt);”.

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Source: https://www.legislation.gov.uk/uksi/2000/3315/regulation/5 (the official version)
Page: https://openlegislation.uk/exchange-gains-and-losses-miscellaneous-modifications-regulations-2000/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.