# Finance Act 2014, Paragraph 4


In paragraph 19 (chargeable equity and liabilities of non-banking groups)—
(a) in sub-paragraph (6)(c), for “finally,” substitute “ finally (subject to sub-paragraph (16)) ”,
(b) in sub-paragraph (12)(c), for “finally,” substitute “ finally (subject to sub-paragraph (16)) ”, and
(c) for sub-paragraph (16) substitute—
“(16) Where an amount (“A”) within sub-paragraph (6)(c) or (12)(c) is used to reduce short term liabilities, the amount of the reduction is determined as if A were an amount equal to half of A.”

---
Source: https://www.legislation.gov.uk/ukpga/2014/26/schedule/26/paragraph/4 (the official version)
Page: https://openlegislation.uk/finance-act-2014/schedule-26/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.