Paragraph 17
(1)
Paragraph 18 applies in relation to the quasi-loan if—
(a)
the quasi-loan currency is a currency other than sterling, and
(b)
it is reasonable to suppose that the main reason, or one of the main reasons, for the quasi-loan being made in that currency is that the quasi-loan currency is expected to depreciate during the quasi-loan period.
(2)
The “quasi-loan period”, in relation to a quasi-loan, is the period—
(a)
beginning at the time the quasi-loan is made, and
(b)
ending with the time by which, under the terms of the quasi-loan, the whole of the quasi-loan is to be repaid.