Taxation (International and Other Provisions) Act 2010 section 259NEE

Release of connected companies debts during creditor's insolvency

Section 259NEE identifies a specific set of debt relief circumstances that arise when a debt between connected companies is released during the creditor's insolvency, and the companies cease to be connected as a result of that insolvency.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.