Paragraph 9 Loan relationshipsI1
United Kingdom
Sub-paragraph (2) applies if, apart from this paragraph, a Part 5 transfer would be a related transaction for the purposes of F1Part 5 of the Corporation Tax Act 2009 (loan relationships .
The Part 5 transfer is to be disregarded for the purposes of F2that Part , except for the purpose of identifying any person in whose case any debit or credit not relating to the transaction is to be brought into account.
Annotations
Textual amendments
- F1
Words in Sch. 10 para. 9(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 547(2)(a) (with Sch. 2 Pts. 1, 2)
- F2
Words in Sch. 10 para. 9(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 547(2)(b) (with Sch. 2 Pts. 1, 2)
Commencement
- I1
Sch. 10 para. 9 in force at 24.2.2003 by S.I. 2003/120, art. 2, Sch. (with arts. 3, 4) (as amended (20.2.2003) by S.I. 2003/333, art. 14)