544 Meaning of creditor quasi-repo
Corporation Tax Act 2009 (2009 c 4) | Legislation

544  Meaning of creditor quasi-repo

(1)     For the purposes of this Chapter a company (“the lender”) has a creditor quasi-repo in any case if—

(a)     the lender does not have a creditor repo in that case, and

(b)     each of conditions A to E is met in that case.

(2)     Condition A is that under an arrangement a person receives from the lender any money or other asset (“the advance”).

(3)     Condition B is that, in accordance with generally accepted accounting

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