{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-372",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-372.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/372",
  "kind": "section",
  "number": "372",
  "heading": "Introduction to Chapter",
  "text": "(1) This Chapter makes provision about the debits to be brought into account for the purposes of this Part in cases where certain conditions relating to interest that is not paid or is paid late are met and there is a connection between the parties to the loan relationship.\n(2) For those conditions and the rule that applies in those cases, see section 373 (late interest treated as not accruing until paid in some cases).\n(3) For the kinds of connections where the rule applies, see—\n(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(b) section 375 (loans to close companies by participators etc), and\n(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(d) section 378 (loans by trustees of occupational pension schemes).\n(4) For the meaning of “standing in the position of a creditor” in this Chapter, see section 379(1) (persons indirectly standing in the position of creditor).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 372(3)(a) omitted (with effect in accordance with s. 25(6)-(14) of the amending Act) by virtue of Finance Act 2015 (c. 11), s. 25(3)(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Word in s. 372(3)(b) inserted (with effect in accordance with s. 25(6)-(14) of the amending Act) by Finance Act 2015 (c. 11), s. 25(3)(b)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "S. 372(3)(c) omitted (with effect in accordance with s. 25(6)-(14) of the amending Act) by virtue of Finance Act 2015 (c. 11), s. 25(3)(c)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/372",
    "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."
}