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Legislation
Taxation (International and Other Provisions) Act 2010

Chapter 9 Exemptions for profits from qualifying loan relationships

  • Section 371IA The basic rule
  • Section 371IB Loans funded out of qualifying resources
  • Section 371IC What is the “qualifying value” of “relevant pre-acquisition funds or other assets”?
  • Section 371ID The 75% exemption
  • Section 371IE The “matched interest profits” exemption
  • Section 371IF Determining the profits of a qualifying loan relationship
  • Section 371IG What is a “qualifying loan relationship”?
  • Section 371IH Exclusions from definition of “qualifying loan relationship”
  • Section 371II Power to amend definitions
  • Section 371IJ Claims
  1. Taxation (International and Other Provisions) Act 2010
  2. /
  3. /Chapter 9 · Exemptions for profits from qualifying loan relationships

Section 371ID | The 75% exemption F1

From legislation.gov.uk

17 July 2012

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(1)This section applies to a qualifying loan relationship if section 371IB does not apply to the qualifying loan relationship.

(2)75% of the profits of the qualifying loan relationship are exempt.

Notes

  1. F1

    Pt. 9A inserted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 20 para. 1 (with ss. 56-58)

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