Explanatory Notes

Corporation Tax Act 2010

2010 CHAPTER 4

3 March 2010

Introduction

Part 16: Factoring of income etc

Chapter 2: Finance arrangements
Section 762: Deemed loan relationship if borrower is partnership with corporate member

2312.This section brings the loan relationship provisions into play if there is a type 1 finance arrangement and the borrower is a partnership with at least one corporate member. It is based on section 774B(5) to (8) of ICTA, and has a similar structure to section 761. See the commentary on that section.