1063Section 1062: supplementaryU.K.
(1)References in section 1062 to the loan capital of a company are to any debt incurred by the company—
(a)for any money borrowed or capital assets acquired by the company,
(b)for any right to receive income created in favour of the company, or
(c)for consideration the value of which to the company was (at the time when the debt was incurred) substantially less than the amount of the debt.
(2)For the purposes of subsection (1)(c) the amount of the debt includes any premium on the debt.
(3)For the purposes of section 1062 a person is treated as entitled to acquire anything which the person—
(a)is entitled to acquire at a future date, or
(b)will at a future date be entitled to acquire.
(4)For the purposes of this section and section 1062 a person is assumed to have the rights and powers of the person's associates (as well as the person's own rights and powers).