# Finance (No. 2) Act 2017, Paragraph 16


(1) This paragraph applies in relation to the quasi-loan if—
(a) payments in money are made by way of repayment of the initial debt amount, and
(b) some or all of the payments are made in a currency other than the quasi-loan currency.
(2) But this paragraph does not apply if paragraph 18 applies in relation to the quasi-loan.
(3) For the purposes of calculating the repayment amount in relation to the quasi-loan, the amount of each of the payments referred to in sub-paragraph (1)(b) is an amount equal to its value in the quasi-loan currency on the date it is made.

---
Source: https://www.legislation.gov.uk/ukpga/2017/32/schedule/11/paragraph/16 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2017/schedule-11/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.