Part 7Tax treatment of financing costs and income
CHAPTER 5Intra-group financing income where payer denied deduction
300Meaning of “relevant associate”
For the purposes of this Chapter, the payer is a “relevant associate” of the recipient if—
a
the payer is a parent of the recipient,
b
the payer is a 75% subsidiary of the recipient, or
c
the payer is a 75% subsidiary of a parent of the recipient.