484Provision not at arm's length: meaning of “interest” and “money debt”U.K.
This section has no associated Explanatory Notes
(1)References in this Chapter to interest payable on a money debt include a reference to any amount which because of [F1Part 4 of TIOPA 2010] (provision not at arm's length) falls to be treated as—
(a)interest on a money debt, or
(b)interest on an amount (“the notional debt”) which is treated as a money debt.
(2)Accordingly, references in this Chapter to a money debt include references to the notional debt.
Textual Amendments
F1Words in s. 484(1) substituted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 139 (with Sch. 9 paras. 1-9, 22)