Part 6Relationships treated as loan relationships etc
Chapter 2Relevant non-lending relationships
Meaning of “money debt” and “interest” in this Chapter
484Provision not at arm's length: meaning of “interest” and “money debt”
(1)
References in this Chapter to interest payable on a money debt include a reference to any amount which because of F1Part 4 of TIOPA 2010 (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.