[446 Joint ventures: supplementary]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[446  Joint ventures: supplementary]

[(1)     If—

(a)     the joint venture company makes an election under section 444 in relation to an accounting period,

(b)     that company, or any member of the worldwide group of which it is a member, is the creditor for the purposes of section 438 in any case, and

(c)     the company mentioned in that section in that case is a not a member of that group at any time in the accounting period,

section 438 has effect in that case as if subsection (3)(b)

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