Corporation Tax Act 2009

291 (1) Amend Schedule 28AA (provision not at arm’s length) as follows.

(2) In paragraph 1(2) for “8, 10 and 13 below,” substitute “10 and 13 below and sections 447(5) and (6) and 694(8) and (9) of CTA 2009,”.

(3) In paragraph 2(1) for “8 to 11 below” substitute “9 to 11 below and sections 447(5) and (6) and 694(8) and (9) of CTA 2009”.

(4) In paragraph 6A(3) for the words from “the same meaning as” to the end substitute “the meaning given by section 174 of ITTOIA 2005 or section 163 of CTA 2009.”

(5) In paragraph 6E—

(a) omit “Case III of Schedule D or”, and

(b) after “2005” insert “or required to be brought into account under Part 5 of CTA 2009 as a non-trading credit”.

(6) In the heading above paragraph 6E for “chargeable under Case III of Schedule D” substitute “chargeable”.

(7) Omit paragraph 8(1), (3) and (4).

(8) In paragraph 14(1), in the definition of “losses”—

(a) in paragraph (a) for “section 75(9)” substitute “section 1223 of CTA 2009”, and

(b) for paragraph (d) substitute—

“(d) sections 387 to 391 or Chapter 16 of Part 5 of CTA 2009 (deficits on loan relationships);”.