Corporation tax: loan relationships
This section has no associated Explanatory Notes
11(1)If as a result of a transfer the transferee replaces the transferor as a party to a loan relationship, paragraph 12(2) of Schedule 9 to FA 1996 (transfer within group: continuity of treatment) shall apply (whether or not the transferor and transferee are bodies corporate).
(2)Expressions used in this paragraph have the same meaning as in that Schedule.