# The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004, Paragraph 1: Treatment of enemy debts written off during World War II


(1) Amend the Finance Act 1950 as follows.
(2) In section 39(3) for paragraph (b) of the proviso substitute—
“(b) the expenses shall not be allowed—
(i) as a deduction under section 75(1) of the Income and Corporation Taxes Act 1988; or
(ii) in the computation of an expenses deduction for the purposes of Step 1 of section 76(7) of that Act.”.

---
Source: https://www.legislation.gov.uk/uksi/2004/2310/schedule/paragraph/1 (the official version)
Page: https://openlegislation.uk/finance-act-2004-sections-38-to-40-and-45-and-schedule-6-consequential-amendment-of-enactments-order-2004/schedule/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.