Part 2Trading income
Chapter 3Trade profits: basic rules
F1Rules relating to calculation of profits
Annotations:
Amendments (Textual)
29Interest
For the purpose of calculating the profits of a trade, interest is an item of a revenue nature, whatever the nature of the loan.
S. 27 cross-heading inserted (6.4.2024 for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 10 paras. 12, 47 (with Sch. 10 paras. 48-50)