{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-348",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-348.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/348",
  "kind": "section",
  "number": "348",
  "heading": "Introduction: meaning of “connected companies relationship”",
  "text": "(1) This Chapter contains some general rules relating to connected companies relationships.\n(2) For the purposes of this Part a debtor relationship of a company is a connected companies relationship if there is a connection between—\n(a) the company, and\n(b) another company standing in the position of a creditor as respects the debt in question.\n(3) For the purposes of subsection (2) a company is treated as standing in the position of a creditor if it indirectly stands in that position by reference to a series of loan relationships or relevant money debts.\n(4) For the purposes of this Part a creditor relationship of a company is a connected companies relationship if there is a connection between—\n(a) the company, and\n(b) another company standing in the position of a debtor as respects the debt in question.\n(5) For the purposes of subsection (4) a company is treated as standing in the position of a debtor if it indirectly stands in that position by reference to a series of loan relationships or relevant money debts.\n(6) For the purposes of this Part, if a loan relationship is a connected companies relationship at any time in an accounting period, it is treated as being such a relationship for the period.\n(7) In this section “relevant money debt” means a money debt which would be a loan relationship if a company directly stood in the position of creditor or debtor.\n(8) Section 466 (companies connected for an accounting period) applies for the purposes of this section.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/348",
    "retrieved_at": "2026-10-29T09:11:19.560467+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}