551 Relief for borrower for finance charges in respect of the advance
Corporation Tax Act 2009 (2009 c 4) | Legislation

551  Relief for borrower for finance charges in respect of the advance

(1)     This section applies if a company (“the borrower”) has a debtor repo or a debtor quasi-repo.

(2)     The advance under the debtor repo or debtor quasi-repo is, in the case of the borrower, to be treated for the purposes of Part 5 and this Part as a money debt which—

(a)     is owed by the borrower or, if the borrower is a member

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