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Legislation
Corporation Tax Act 2009

Crossheading How profits and deficits from loan relationships are dealt with

  • Section 295 General rule: profits arising from loan relationships chargeable as income
  • Section 296 Profits and deficits to be calculated using credits and debits given by this Part
  • Section 297 Trading credits and debits to be brought into account under Part 3
  • Section 298 Meaning of trade and purposes of trade
  • Section 299 Charge to tax on non-trading profits
  • Section 300 Method of bringing non-trading deficits into account
  • Section 301 Calculation of non-trading profits and deficits from loan relationships: non-trading credits and debits
  1. How profits and deficits from loan relationships are dealt with
  2. Charge to tax on non-trading profits

Section 299 | Charge to tax on non-trading profits

From legislation.gov.uk

(1)The charge to corporation tax on income applies to any non-trading profits which a company has in respect of its loan relationships.

(2)For the meaning of a company having such profits and how they are calculated, see section 301.

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