357 Exception to section 354: insolvent creditors
Corporation Tax Act 2009 (2009 c 4) | Legislation

357  Exception to section 354: insolvent creditors

(1)     An impairment loss or release debit is not prevented from being brought into account by section 354 in relation to an amount accruing to a company (“the creditor”) if—

(a)     condition A, B, C, D or E is met in relation to the creditor, and

(b)     the amount accrues to the creditor at a time which is the relevant time for the

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