[468 Debts with same rights where unrelated parties hold more than 50%]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[468  Debts with same rights where unrelated parties hold more than 50%]

[(1)     This section applies if—

(a)     a person (“D”) is party to a loan relationship as debtor in a period of account of a worldwide group of which it is a member,

(b)     a person (“C”) who is party to the loan relationship as creditor is a related party of D at any time in that period,

(c)     there are persons (“the relevant creditors”) other than C who are parties to the loan relationship, or are parties to other loan relationships entered into at the same time, as creditors but who

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