# Finance Act 2016, Paragraph 31


For section 463(7) (loan to trustees of settlement which has ended: amount on which debtor taxed when all or part of loan released or written off) substitute—
“(7) The amount which Y is treated as receiving is equal to the amount released or written off.”

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Source: https://www.legislation.gov.uk/ukpga/2016/24/schedule/1/paragraph/31 (the official version)
Page: https://openlegislation.uk/finance-act-2016/schedule-1/paragraph-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.