481 Application of Part 5 to relevant non-lending relationships
Corporation Tax Act 2009 (2009 c 4) | Legislation

Application of Part 5 to relevant non-lending relationships

481  Application of Part 5 to relevant non-lending relationships

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

(a)     Part 5 (loan relationships) applies in relation to the relevant matters (see subsections (3) and (5)) as it applies in relation to such matters arising under or in relation to a loan relationship, but

(b)     the only credits or debits to be brought into account for the purposes of that Part in respect of the relationship are those relating to those matters.

(2)     Accordingly, subject to subsection (1)(b), references in the Corporation Tax Acts to a loan relationship include a reference to a relevant non-lending relationship.

(3)     The relevant matters

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