{
  "url": "https://openlegislation.uk/finance-act-2011/schedule-5/paragraph-7",
  "json_url": "https://openlegislation.uk/finance-act-2011/schedule-5/paragraph-7.json",
  "legislation": "ukpga/2011/11",
  "legislation_title": "Finance Act 2011",
  "legislation_url": "https://openlegislation.uk/finance-act-2011",
  "path": "schedule/5/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": null,
  "text": "(1) Omit sections 418 to 419 of CTA 2009 (loan relationships treated differently by connected debtor and creditor).\n(2) In consequence of the repeals made by sub-paragraph (1), omit—\n(a) in section 748ZA of ICTA (as inserted by paragraph 5 of Schedule 12 to this Act), subsection (5)(a),\n(b) in Schedule 30 to FA 2009, paragraph 4,\n(c) in section 416 of CTA 2009, subsection (4),\n(d) in Schedule 1 to CTA 2010, paragraph 615, and\n(e) section 29 of this Act.\n(3) The repeals made by this paragraph have effect in relation to loan relationships to which a company is a party (or to which it is treated as a party under section 418(6A) of CTA 2009) on or after the commencement date.\n(4) But amounts are to continue to be brought into account for the purposes of Part 5 of CTA 2009 disregarding the repeals made by sub-paragraph (1) if the amounts relate to a time before the commencement date; and the repeals made by sub-paragraph (2) have effect accordingly.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2011/11/schedule/5/paragraph/7",
    "retrieved_at": "2026-10-29T09:09:31.813616+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}