Section 486G — Corporation Tax Act 2009: Consideration to be treated as loan relationship

Consideration to be treated as loan relationship 486G 1 For the purposes of this Part—

a the consideration for the transfer of the right to relevant receipts is to be treated as a money debt which is owed to the transferee by the person by whom the relevant receipts fall to be paid, and b the transfer is to be treated as a transaction for the lending of money from which that debt is treated as arising.

2 For the meaning of “relevant receipts” see section 752(2) of CTA 2010 or section 809AZA(2) of ITA 2007.