{
  "url": "https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-7A/paragraph-1",
  "json_url": "https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-7A/paragraph-1.json",
  "legislation": "ukpga/1988/1",
  "legislation_title": "Income and Corporation Taxes Act 1988",
  "legislation_url": "https://openlegislation.uk/income-and-corporation-taxes-act-1988",
  "path": "schedule/7A/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": null,
  "text": "For the purposes of section 161B(1) a loan “on ordinary commercial terms” means a loan—\n(a) made by a person (“the lender”) in the ordinary course of a business carried on by him which includes—\n(i) the lending of money, or\n(ii) the supplying of goods or services on credit, and\n(b) in relation to which the requirements of paragraph 2, 3 or 4 below are met.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A/paragraph/1",
    "retrieved_at": "2026-10-29T09:49:54.309394+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}