Part 5Loan Relationships
Chapter 8Connected parties relationships: late interest
374Connection between debtor and person standing in position of creditor
(1)
The case to which this section applies is where there is for the actual accrual period a connection between—
(a)
the company which has the debtor relationship, and
(b)
a company standing in the position of creditor as respects the loan relationship.
(2)
Section 466 (companies connected for an accounting period) applies for the purposes of this section.