Loans or advances

Loans or advances (1)Interest on bona fide indebtedness(i)In general.Where one member of a group of controlled entities makes a loan or advance directly or indirectly to, or otherwise becomes a creditor of, another member of such group and either charges no interest, or charges interest at a rate which is not equal to an arm's length rate of interest (as defined inparagraph (a)(2)of this section) with respect to such loan or advance, the district director may make appropriate allocations to reflect an arm's length rate of interest for the use of such loan or advance.

Source

26 CFR § 1.482-2


Scoping language

None
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