PART 2Corporation tax
Loan relationships
51Loans to participators etc: trustees of charitable trusts
1
In section 456 of CTA 2010 (exceptions to the charge to tax in case of loan to participator), after subsection (2) insert—
2A
Section 455 does not apply to a loan or advance made to a trustee of a charitable trust if the loan or advance is applied to the purposes of the charitable trust only.
2
The amendment made by subsection (1) has effect in relation to a loan or advance made on or after 25 November 2015.