Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017

47 Section DB 13 amended (Repayment of debt disposed of at discount to associate of debtor)

(1)

In the heading to section DB 13, replace disposed of at discount to associate of debtor with in certain circumstances.

(2)

In section DB 13(1),—

(a)

after “debtor)”, insert “or EW 49B(5)(b) (Guarantees within economic group)”; and

(b)

replace “that subsection” with “the relevant subsection”.

(3)

Subsection (2) applies for the 2017–18 and later income years.