[259NEC Release of debts]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[259NEC  Release of debts]

[(1)     This section is to be read with section 259NEB (relevant debt relief circumstances: introductory).

(2)     The circumstances in this section are—

(a)     the relevant release takes place in an accounting period for which an amortised cost basis of accounting is used in respect of the debtor relationship, and

(b)     condition A, B, C, D or E is met.

(3)     Condition A is that the release is part of a statutory insolvency arrangement (within the meaning of section 1319 of CTA 2009).

(4)     Condition B is that the release

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