# Corporation Tax Act 2010, Paragraph 69


(1) The reference in section 456(4)(b) to other outstanding loans and advances does not include a loan or advance made before 31 March 1971 unless it was made for the purpose of purchasing a dwelling which was or was to be the borrower's only or main residence.
(2) Condition A in section 456(4) is not to be treated as met if such of the other outstanding loans and advances within section 456(4)(b) as were made before 31 March 1971 together exceed £10,000.
(3) The reference in section 456(7) to a loan or advance does not include one made before 31 March 1971.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/schedule/2/paragraph/69 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/schedule-2/paragraph-69
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.