[372C Deposit arrangements]
Income Tax Act 2007 (2007 c 3) | Legislation

[372C  Deposit arrangements]

[(1)     This section applies if, under arrangements to which section 564E applies, a person (“the depositor”) deposits money with a financial institution.

(2)     This Part and regulations made under Chapter 2 of this Part have effect in relation to the arrangements in accordance with subsections (3) to (9).

(3)     The depositor is treated as making a loan to the financial institution.

(4)     The amount of the loan

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