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Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Rules relating to calculation of profits

  • Section 27 Receipts and expenses
  • Section 28 Items treated under CAA 2001 as receipts and expenses
  • Section 28A Money's worth
  • Section 29 Interest
  1. Rules relating to calculation of profits
  2. Interest

Section 29 | Interest

From legislation.gov.uk

For the purpose of calculating the profits of a trade, interest is an item of a revenue nature, whatever the nature of the loan.

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