361 Acquisition of creditor rights by connected company at undervalue
Corporation Tax Act 2009 (2009 c 4) | Legislation

Deemed debt releases on impaired debts becoming held by connected company

361  Acquisition of creditor rights by connected company at undervalue

(1)     This section applies if—

(a)     a company (“D”) is a party to a loan relationship as debtor,

(b)     another company (“C”) becomes a party to it as creditor,

(c)     immediately after it does so C and

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