[415 Section 414: interpretation]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[415  Section 414: interpretation]

[(1)     For the purposes of section 414 a person is treated as not being a related party of a member of the group at any time (“the relevant time”) if at the relevant time—

(a)     the person would (apart from this subsection) be a related party of the member by virtue only of section 466(2) (parties to loan relationship treated as related parties by virtue of financial assistance provided by a related party), and

[(b)     either—

(i)     the condition in subsection (1A) is met, or

(ii)     any of the conditions in subsection (2) is met in relation to the guarantee, indemnity or other financial assistance in question].

[(1A)     The condition is that—

(a)     the member in question is a company that has not been UK resident at any time before 29 October 2018,

(b)

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