Article 6 Amendments of Part 9 of Schedule 26

In paragraph 45D^f1 for sub-paragraph (8) substitute—

“(8)

A loan relationship which is one to which sub-paragraph (1) applies, shall not be treated as a qualifying corporate bond by virtue of section 117(A1) of the Taxation of Chargeable Gains Act 1992, if this paragraph applies to the embedded derivative contract.”.