Section 173 | Loans to participators etc.

(1)Repealed^F1

(2)Repealed^F1

(3)Repealed^F1

(4)Repealed^F1

(5)In section 826(4) of that Act (interest on repayment of tax by virtue of section 419), for paragraph (a) there shall be substituted the following paragraph—

(a)the date when the entitlement to relief in respect of the repayment accrued, that is to say—

(i)where the repayment of the loan or advance (or part thereof) occurred on or after the day mentioned in section 419(4A), the date nine months after the end of that accounting period; and

(ii)in any other case, the date nine months after the end of the accounting period in which the loan or advance was made;

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(6)This section has effect in relation to any loan or advance made in an accounting period ending on or after 31st March 1996.