# Finance (No. 2) Act 2017, Paragraph 10


(1) Paragraphs 11 to 14 apply where P makes a quasi-loan to T by reason of acquiring a right to a payment in a particular currency (the “quasi-loan currency”).
(2) For the purposes of paragraphs 11 to 14, the value of an amount in a particular currency is to be determined by reference to an appropriate spot rate of exchange.

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Source: https://www.legislation.gov.uk/ukpga/2017/32/schedule/12/paragraph/10 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2017/schedule-12/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.