Corporation Tax Act 2009 (c. 4)

Valid from 01/04/2009

Part 5 U.K. Loan Relationships

Chapter 1 U.K. Introduction

How profits and deficits from loan relationships are dealt with U.K.

295 General rule: profits arising from loan relationships chargeable as income U.K.

(1) The general rule for corporation tax purposes is that all profits arising to a company from its loan relationships are chargeable to tax as income in accordance with this Part.

(2) But see section 465 (exclusion of distributions except in tax avoidance cases).