# Taxation (International and Other Provisions) Act 2010, Section 471: Loans made by relevant public bodies


(1) This section applies at any time where—
(a) a relevant public body (“B”) lends money to a person (“P”),
(b) B is a related party of P, and
(c) the realising of a profit is merely incidental to the making of the loan.
(2) B and P are treated for the purposes of this Part as if, in relation to the loan (and anything done under or for the purposes of it), they were not related parties of each other at that time.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/section/471 (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-471
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.