[521C Shares accounted for as liabilities]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[521C  Shares accounted for as liabilities]

[(1)     This section applies to the share if—

(a)     the share would be accounted for by the issuing company as a liability in accordance with generally accepted accounting practice,

(b)     the share produces for the investing company a return in relation to any amount which is economically equivalent to interest,

(c)     the issuing company and the investing company are not connected companies,

(d)     the condition in subsection (4) is met,

(e)

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