Part 5Group relief

Chapter 6Equity holders and profits or assets available for distribution

Introduction

157Introduction to Chapter

(1)

This Chapter applies for the purposes of sections 143(3)(b) and (c), 144(3)(b) and (c) and 151(4)(a) and (b).

(2)

For the purposes of this Chapter—

(a)

“new consideration” has the meaning given by section 1115, and

(b)

all loans are regarded as being securities.