162 Meaning of “loan”
Finance Act 2004 (2004 c 12) | Legislation

162  Meaning of “loan”

(1)     This section applies for the interpretation of this Chapter.

(2)     “Loan” does not include the purchase of or subscription to debentures, debenture stock, loan stock, bonds, certificates of deposit or other instruments creating or acknowledging indebtedness which are—

(a)     listed or dealt in on a recognised stock exchange (within the meaning of [section 1005 of ITA 2007]), or

(b)     offered to the public.

(3)     A guarantee of a loan made to or in respect

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