# The Northern Rock plc (Tax Consequences) Regulations 2009, Regulation 5: Corporation tax: loan relationships


(1) For the purposes of Chapter 4 of Part 5 of CTA 2009 (continuity of treatment on transfers within groups or on reorganisations), in relation to a relevant transfer, ACo and BCo are to be treated as if, for the purposes of the transfer, they were members of the same group.
(2) But a relevant transfer within paragraph (1) is not to be treated as a case within section 336 of CTA 2009 (transfers of loans on group transactions) for the purposes of section 344 of the Act (introduction).

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Source: https://www.legislation.gov.uk/uksi/2009/3227/regulation/5 (the official version)
Page: https://openlegislation.uk/northern-rock-plc-tax-consequences-regulations-2009/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.