# Taxation (International and Other Provisions) Act 2010, Section 458: Co-operative and community benefit societies etc


(1) This section applies where—
(a) apart from this section, an amount would be a tax-interest expense amount or tax-interest income amount of a company as a result of meeting condition A in section 382 or 385 (loan relationships), and
(b) the amount meets that condition only because of section 499 of CTA 2009 (certain sums payable by co-operative and community benefit societies or UK agricultural or fishing co-operatives treated as interest under loan relationship).
(2) The amount is treated as not being a tax-interest expense amount or tax-interest income amount of the company.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/section/458 (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-458
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.