# Finance Act 2021, Paragraph 3


In section 259CB (hybrid or otherwise impermissible deduction/non-inclusion mismatches and their extent), for subsection (3) substitute—
“(3) So far as the excess arises—
(a) by reason of a relevant debt relief provision, or
(b) in relevant debt relief circumstances,
it is to be taken not to arise by reason of the terms, or any other feature, of the financial instrument (whether or not it would have arisen by reason of the terms, or any other feature, of the financial instrument regardless).”

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Source: https://www.legislation.gov.uk/ukpga/2021/26/schedule/7/paragraph/3 (the official version)
Page: https://openlegislation.uk/finance-act-2021/schedule-7/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.