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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. Chapter 9 · Exemptions for profits from qualifying loan relationships
  2. Power to amend definitions

Section 371II | Power to amend definitions

From legislation.gov.uk

The HMRC Commissioners may by regulations amend this Chapter—

(a)so as to amend the definition of “qualifying resources” for the purposes of section 371IB, or

(b)so as to amend the definition of “qualifying loan relationship” or “ultimate debtor” for the purposes of this Chapter.

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