# Finance Act 2014, Paragraph 5


In paragraph 21 (chargeable equity and liabilities of UK resident banks and building societies which are not members of groups)—
(a) in sub-paragraph (2)(c), for “finally,” substitute “ finally (subject to sub-paragraph (6)) ”, and
(b) for sub-paragraph (6) substitute—
“(6) Where an amount (“A”) within sub-paragraph (2)(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.”

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Source: https://www.legislation.gov.uk/ukpga/2014/26/schedule/26/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-act-2014/schedule-26/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.