# Finance Act 2016, Paragraph 19


In section 418(3) (release of loan: tax only on grossed-up amount of excess where part previously charged) omit “, grossed up by reference to the dividend ordinary rate”.

---
Source: https://www.legislation.gov.uk/ukpga/2016/24/schedule/1/paragraph/19 (the official version)
Page: https://openlegislation.uk/finance-act-2016/schedule-1/paragraph-19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.