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SCHEDULES

SCHEDULE 7U.K.Avoidance involving financial arrangements

Transactions within groups: fair value accountingU.K.

23(1)In Schedule 26 to FA 2002 (derivative contracts) paragraph 30 (transactions within groups: fair value accounting) is amended as follows.U.K.

F1(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)The amendment made by this paragraph has effect in any case where the relevant transaction is on or after 16th March 2005.

(4)In this paragraph “the relevant transaction” has the same meaning as in paragraph 22.

Textual Amendments

F1Sch. 7 para. 23(2) repealed (with effect in accordance with Sch. 26 Pt. 3(12) Note of the amending Act) by Finance Act 2006 (c. 25), Sch. 26 Pt. 3(12)