191 When sections 192 to 194 apply
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

Chapter 5
Position of Guarantor of Affected Person's Liabilities Under a Security Issued by the Person

191  When sections 192 to 194 apply

(1)     Sections 192 to 194 apply if—

(a)     one of the affected persons (“the issuing company”) is a company that has liabilities under a security issued by it,

(b)     those liabilities are to any extent the subject of a guarantee provided by a company (“the guarantor company”),

(c)     in calculating the profits and

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