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Corporation Tax Act 2009
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Corporation Tax Act 2009, Section 292 is up to date with all changes known to be in force on or before 22 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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- Blanket amendment words substituted by S.I. 2011/1043 art. 3 4
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- s. 322(2A)(zb) inserted by 2016 c. 24 s. 73(5)
- s. 1058B(5)(ea) inserted by 2023 c. 20 Sch. para. 57
- s. 1094(2A)-(2C) inserted by 2012 c. 14 Sch. 3 para. 13(3)
- s. 1106(4A)-(4C) inserted by 2012 c. 14 Sch. 3 para. 14(3)
292Overview of PartU.K.
This section has no associated Explanatory Notes
(1)This Part sets out how profits and deficits arising to a company from its loan relationships are brought into account for corporation tax purposes.
(2)For the meaning of “loan relationship” see section 302 and Part 6 (relationships treated as loan relationships etc).
(3)For how such profits and deficits are calculated and brought into account, see—
(a)section 296 (profits and deficits to be calculated using credits and debits given by this Part),
(b)section 297 (trading credits and debits to be brought into account under Part 3),
(c)section 299 (charge to tax on non-trading profits),
(d)section 300 (method of bringing non-trading deficits into account),
(e)section 301 (calculation of non-trading profits and deficits from loan relationships: non-trading credits and debits), and
(f)Chapter 16 (non-trading deficits).
(4)For the priority of this Part for corporation tax purposes, see Chapter 17.
(5)This Part also contains the following Chapters (which mainly relate to the amounts to be brought into account for the purposes of this Part)—
(a)Chapter 3 (the credits and debits to be brought into account: general),
(b)Chapter 4 (continuity of treatment on transfers within groups or on reorganisations),
(c)Chapter 5 (connected companies relationships: introduction and general),
(d)Chapter 6 (connected companies relationships: impairment losses and releases of debts),
(e)Chapter 7 (group relief claims involving impaired or released consortium debts),
(f)Chapter 8 (connected parties relationships: late interest),
(g)Chapter 9 (partnerships involving companies),
(h)Chapter 10 (insurance companies),
(i)Chapter 11 (other special kinds of company),
(j)Chapter 12 (special rules for particular kinds of securities),
(k)Chapter 13 (European cross-border transfers of business),
(l)Chapter 14 (European cross-border mergers),
(m)Chapter 15 (tax avoidance),
(n)Chapter 18 (general and supplementary provisions).
(6)This Part needs to be read with Part 19 (general exemptions).
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