[469 Debt restructuring]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[469  Debt restructuring]

[(1)     This section—

(a)     makes provision for treating a person (“D”) who is a related party of another person (“C”) as if they were not related parties of each other but only in respect of particular liabilities or transactions, and

(b)     is expressed to apply in relation to loan relationships but also applies (with any necessary modifications) in relation to any other financial liability owed to, or any transaction with, C.

(2)     If—

(a)

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