Amount B
15(1)Amount B arises if paragraph (b) of section 179(2) (loan repayment date to be within five years unless postponed) is not complied with.
(2)Amount B is—
where—
DLRP is the number of days in the period which begins with the date on which the loan is made and ends with the loan repayment date,
DFY is the number of days in the period which begins with the date on which the loan is made and ends five years after that date, and
AO is the amount owing (including interest) at the relevant time.
(3)But if the amount produced by the fraction in sub-paragraph (2) is greater than 1, amount B is the amount owing (including interest) at the relevant time.
(4)If the loan repayment date has been postponed under section 179(3), sub-paragraph (2) applies as if references to the date on which the loan is made were to the standard loan repayment date on which the loan repayment date was postponed.