Corporation Tax Act 2009

Valid from 01/04/2009

377Party to loan relationship having major interest in other partyU.K.

This section has no associated Explanatory Notes

The case to which this section applies is where—

(a)a person (“C”) standing in the position of a creditor as respects the loan relationship is a company, and

(b)there is a time in the actual accrual period when—

(i)the company which has the debtor relationship (“D”) has a major interest in C, or

(ii)C has a major interest in D.