# Finance Act 2014, Section 28: De-grouping charges (loan relationships etc)


(1) CTA 2009 is amended as follows.
(2) In each of sections 345 and 346 (loan relationships: transferee leaving group)—
(a) in subsection (2), omit “If condition A or B is met,”, and
(b) omit subsections (3) to (5).
(3) In each of sections 631 and 632 (derivative contracts: transferee leaving group)—
(a) in subsection (2), omit “If condition A or B is met,”, and
(b) omit subsections (3) and (4).
(4) An amendment made by this section has effect where the cessation of membership of the relevant group occurs on or after 1 April 2014.

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Source: https://www.legislation.gov.uk/ukpga/2014/26/section/28 (the official version)
Page: https://openlegislation.uk/finance-act-2014/section-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.