SolvedCOM321 | Index Of Legislation: Corporation Tax Act 2010
From HM Revenue & Customs · COTAX Manual
| Section 455 (S455) Corporation Tax Act (CTA) 2010 (formerly S419 Income and Corporation Taxes Act (ICTA) 1988) | Liability on close company loans and advances to participators |
| S455(3) CTA 2010 (formerly S419(3) ICTA 1988) | Determines the due date for tax due under Section 455 CTA 2010 (formerly S419 ICTA 1988) |
| S458(2)/(3) CTA 2010 (formerly S419(4) ICTA 1988) | Relief in terms of tax against an assessment made under S455 CTA 2010 (formerly S419 ICTA 1988) when the loan or advance to the participator has been repaid (or repaid in part) |
| S458(5) CTA 2010 (formerly S419(4A) ICTA 1988) | Applies a restriction to when relief may be given in respect of repayment, release or write off, of a loan to a participator charged under S455 CTA 2010 |