SCHEDULES
SCHEDULE 1Minor and consequential amendments
Part 2Other enactments
Finance (No. 2) Act 2005 (c. 22)
668
The Finance (No. 2) Act 2005 is amended as follows.
669
In section 18 (section 17(3): specific powers) for subsection (2)(c) substitute—
c
modify the meaning of “relevant holding” for the purposes of—
i
sections 490 and 492 of the Corporation Tax Act 2009 (loan relationships), and
ii
section 587 of that Act (derivative contracts).
F1670
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F1671
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672
In section 71 (interpretation) after the definition of “CAA 2001” insert—
CTA 2009” means the Corporation Tax Act 2009;
673
In Schedule 6 (accounting practice and related matters)—
a
omit paragraph 7 (loan relationships with embedded derivatives), and
b
omit paragraph 9 (exchange gains and losses).
674
In Schedule 7 (avoidance involving financial arrangements) in paragraph 14—
a
in sub-paragraph (4)(b) after “1996” insert “
or Part 5 of CTA 2009
”
, and
b
in sub-paragraph (5) after “1996” insert “
and Part 5 of CTA 2009
”
.