CFM33175 | Loan relationships: the matters and computational rules: amounts not brought into account: introduction

There are a number of circumstances in which amounts shown in the accounts in accordance with generally accepted accounting practice are not required to be brought into account, or are restricted, under the loan relationships rules. These include:

• where a close company releases or writes off a loan to a participator (CFM33177).

• certain circumstances where credits arise from the release of debt on a debtor loan relationship (CFM33180+)

• where debits result from the revaluation of debt assets and in certain cases from impairment (CFM33210);

• where government investment in a company is written off (CFM33240); and

• where losses arose before a company came within the scope of corporation tax (CFM33250).