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If section 109UB applies, what happens if the shareholder or shareholder’s associate repays the loan to the trustee?

April 26, 2017applies Associate happens loan repays section shareholder Trustee

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If section 109UB applies, what happens if the shareholder or shareholder’s associate repays the loan to the trustee?

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Neither repayments made to the trustee of the actual loan, nor payments made directly to the private company in respect of the notional loan, are taken into account under section 109UB in determining the amount of the loan or the amount of the dividend under section 109D.