Group relief: “the relevant accounting period”, etc.
115.—(1) In this Part “the relevant accounting period” means—
(a) in a case falling within section 108 (1), the accounting period current at the time in question; and
(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.
(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.
