# Transport Act 2000, Paragraph 17

Extent: E+W+S+N.I.

(1) This paragraph applies if—
(a) securities are issued to a company in pursuance of a direction of the Secretary of State under section 49 or 58 above, and
(b) by virtue of any such security the company has a loan relationship for the purposes of the Corporation Tax Acts.
(2) For the purposes of Part 5 of the Corporation Tax Act 2009 (loan relationships) the company is to be taken to have acquired its rights under the security wholly in consideration of a loan made by it to the issuing company of an amount equal to the principal sum payable under the security.
(3) Expressions used in this paragraph and in Part 5 of the Corporation Tax Act 2009 have the same meanings in this paragraph as in that Part.

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Source: https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/17 (the official version)
Page: https://openlegislation.uk/transport-act-2000/schedule-7/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.