Section 484 Provision not at arm's length: meaning of “interest” and “money debt”
United Kingdom
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—
interest on a money debt, or
interest on an amount (“the notional debt”) which is treated as a money debt.
Accordingly, references in this Chapter to a money debt include references to the notional debt.
Annotations
Textual amendments
- F1
Words in s. 484(1) substituted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 139 (with Sch. 9 paras. 1-9, 22)
Notes on Part 6
Modifications
- C1
Pt. 6 modified (for the tax year 2026-27 and subsequent tax years (but in relation to investment management services whenever performed)) by 2005 c. 5, Sch. A1 para. 35(7) (as inserted by Finance Act 2026 (c. 11), s. 58(6), Sch. 11 para. 1)