452 Exchange gains and losses where loan not on arm's length terms
Corporation Tax Act 2009 (2009 c 4) | Legislation

452  Exchange gains and losses where loan not on arm's length terms

(1)     This subsection applies if—

(a)     a company would be treated as having a debtor relationship in an accounting period if a claim were made under [section 192(1) of TIOPA 2010] in relation to that period, and

(b)     for that period there is a connection between that company and the company that would have the corresponding creditor relationship.

(2)     If subsection (1) applies, it is assumed that such a claim is made for the purpose of determining

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