Money debts other than discounts treated as loan relationships

CTA09/S479 applies where a company is a creditor or debtor in relation to a money debt that did not arise from the lending of money and


foreign exchange gains and losses, or

impairment losses, or their reversal, in respect of a ‘business payment’,

arise on the debt, or

the money debt (if it arises from a trade or property business) is released by the creditor, and the release occurs on or after 22 April 2009.

A debt is a ‘relevant non-lending relationship’ if it falls into one or more of these categories.

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