# Finance (No. 2) Act 2017, Paragraph 13


(1) Paragraph 14 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 as against sterling 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.

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Source: https://www.legislation.gov.uk/ukpga/2017/32/schedule/12/paragraph/13 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2017/schedule-12/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.