# Finance (No. 2) Act 2015, Paragraph 32


In section 354 (exclusion of debits for impaired or released connected companies debts), after subsection (2) insert—
“(2A) Where the carrying value of an asset representing the creditor relationship has at any time been adjusted as a result of the asset being the hedged item under a designated fair value hedge, the rule in subsection (1) does not prevent a credit or debit being brought into account for the purposes of this Part in respect of any reversal of that adjustment.”

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Source: https://www.legislation.gov.uk/ukpga/2015/33/schedule/7/paragraph/32 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2015/schedule-7/paragraph-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.