302 “Loan relationship”, “creditor relationship”, “debtor relationship”
Corporation Tax Act 2009 (2009 c 4) | Legislation

Chapter 2
Basic Definitions

302  “Loan relationship”, “creditor relationship”, “debtor relationship”

(1)     For the purposes of the Corporation Tax Acts a company has a loan relationship if—

(a)     the company stands in the position of a creditor or debtor as respects any money debt (whether by reference to a security or otherwise), and

(b)     the debt arises from a transaction for the lending of money.

(2)

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