Corporation Tax Act 2009 (c. 4)

Valid from 01/04/2009

Part 6 U.K. Relationships treated as loan relationships etc

Chapter 2 U.K. Relevant non-lending relationships

Meaning of “money debt” and “interest” in this Chapter U.K.

484 Provision not at arm's length: meaning of “interest” and “money debt” U.K.

(1) References in this Chapter to interest payable on a money debt include a reference to any amount which because of Schedule 28AA to ICTA (provision not at arm's length) falls to be treated as—

(a) interest on a money debt, or

(b) interest on an amount (“the notional debt”) which is treated as a money debt.

(2) Accordingly, references in this Chapter to a money debt include references to the notional debt.