# Finance (No. 2) Act 2015, Paragraph 44


(1) Section 435 (reorganisations involving loan relationships) is amended as follows.
(2) In subsection (3), for “its carrying value in” substitute “ its tax-adjusted carrying value based on ”.
(3) In subsection (4), omit the definition of “carrying value”.

---
Source: https://www.legislation.gov.uk/ukpga/2015/33/schedule/7/paragraph/44 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2015/schedule-7/paragraph-44
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.