Corporation Tax Act 2009 section 447

Exchange gains and losses on debtor relationships: loans disregarded under Part 4 of TIOPA 2010

Section 447 deals with how exchange gains and losses on a company's borrowings are treated for corporation tax purposes when transfer pricing rules require all or part of the loan to be disregarded because it was not made on arm's length terms.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.