362 Parties becoming connected where creditor's rights subject to impairment adjustment [etc]
Corporation Tax Act 2009 (2009 c 4) | Legislation

362  Parties becoming connected where creditor's rights subject to impairment adjustment [etc]

(1)     This section applies if—

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

(b)     another company (“C”) which—

(i)     is a party to the loan relationship as creditor, and

(ii)     is not connected with D,

becomes connected with D, . . .

(c)     . . ..

(2)     C is treated as

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