CG39170 | TCGA92/Sch4B - discharge of a loan obligation
From HM Revenue & Customs · Capital Gains Manual
TCGA92/Sch4B/para6(3)
Borrowing is applied for normal trust purposes if:
it is applied wholly or partly discharging a loan obligation of the trustees
the whole or all but an insignificant amount of the borrowing has been applied for normal trust purposes.