Corporation Tax Act, 1976
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Group relief: “the relevant accounting period”, etc.
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115.—(1) In this Part “the relevant accounting period” means—
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(a) in a case falling within section 108 (1), the accounting period current at the time in question; and
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(b) in a case falling within section 108 (2), the accounting period in relation to which the share in the consortium falls to be determined.
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(2) For the purposes of sections 109 to 114 a loan to a company shall be treated as a security, whether or not it is a secured loan, and, if it is a secured loan, regardless of the nature of the security.
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