Finance Act, 1983

Amendment of section 98 (loans to participators, etc.) of Corporation Tax Act, 1976.

35.Section 98 of the Corporation Tax Act, 1976 , is hereby amended by the insertion after subsection (8) of the following subsection:

“(9) For the purposes of this section and in relation to any loan or advance made on or after the 23rd day of May, 1983, section 94 (1) shall have effect as if the reference in paragraph (b) to a registered industrial and provident society were deleted.”.