480 Relevant non-lending relationships involving discounts
Corporation Tax Act 2009 (2009 c 4) | Legislation

480  Relevant non-lending relationships involving discounts

(1)     A company has a relevant non-lending relationship if—

(a)     the company stands in the position of creditor in relation to a money debt,

(b)     the money debt did not arise from a transaction for the lending of money (and so, because of section 302(1)(b), there is no loan relationship),

(c)     the money debt is one from which a discount arises to the company,

(d)     the discount does not fall to be brought into account under section 509 (treatment of alternative finance arrangements as loan relationships etc) as a result of arrangements to which section 503 (purchase and resale arrangements) applies, and

(e)

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