The Taxation of Chargeable Gains Act 1992
Interest charged to capital
60(1)Section 40 of the Taxation of Chargeable Gains Act 1992 (c. 12) is amended as follows.
(2)After subsection (3) add—
“(4)In consequence of Chapter 2 of Part 4 of the Finance Act 1996 (c. 8) (loan relationships) this section does not have effect in relation to interest referable to an accounting period ending on or after 1st April 1996.”.