Valid from 01/04/2009
374Connection between debtor and person standing in position of creditorU.K.
This section has no associated Explanatory Notes
(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.