SolvedCrossheading Limit on credit against corporation tax
From legislation.gov.uk
Contents
- Section 42 Amount of limit
- Section 43 Profits attributable to permanent establishments for purposes of section 42(2)
- Section 44 Credit against tax on trade income
- Section 45 Credit against tax on trade income: anti-avoidance rules
- Section 46 Applying section 44(2): asset in hedging relationship with derivative contract
- Section 47 Applying section 44(2): royalty income
- Section 48 Applying section 44(2): “portfolio” of transactions, arrangements or assets
- Section 49 Restricting section 44(3) if company is a bank or connected with a bank
- Section 49A Limit on credit in cases involving qualifying loan relationships of CFCs
- Section 49B Applying section 42(2) to non-trading credits from loan relationships etc