549 Meaning of debtor quasi-repo
Corporation Tax Act 2009 (2009 c 4) | Legislation

549  Meaning of debtor quasi-repo

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

(a)     the borrower does not have a debtor repo, and

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

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

(3)     Condition B is that, in accordance with generally accepted accounting practice, the accounts of the borrower

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