Taxation of Chargeable Gains Act 1992 section 254

Relief for debts on qualifying corporate bonds

Section 254 previously provided relief for debts on qualifying corporate bonds but has been repealed for loans made on or after 17 March 1998.

• Section 254 originally granted relief in respect of debts on qualifying corporate bonds.
• The section was repealed by the Finance Act 1998, section 141(1)(b), (2)(b) and Schedule 27 Part III(32).
• The repeal applies to loans made on or after 17 March 1998.
• Any loans made before 17 March 1998 may still have been subject to the provisions of this section as they stood prior to repeal.