[444 Joint venture companies]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[Supplementary]

[444  Joint venture companies]

[(1)     This section makes modifications of this Part in relation to an accounting period of a qualifying infrastructure company (“the joint venture company”) [which is the ultimate parent of a worldwide group at all times in that period] where—

(a)     one or more qualifying infrastructure companies (“the qualifying investor or investors”) have shares in the joint venture company,

(b)     other persons (“the other investors”) who are not qualifying infrastructure companies have all the other shares in the joint venture company,

(c)     each of the investors (that is to say, the qualifying investor or investors and the other investors) has lent money to the joint venture company,

(d)     the amounts each of the investors has lent stand in the same, or substantially the same, proportion as the shares in the joint venture company that

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