Part 6Relationships treated as loan relationships etc

Chapter 2Relevant non-lending relationships

Application of Part 5 to relevant non-lending relationships

482Miscellaneous rules about amounts to be brought into account because of this Chapter

1

Any credits or debits which—

a

relate to interest payable under the Tax Acts, and

b

fall to be brought into account because of this Chapter,

are treated for the purposes of Part 5 as non-trading credits or debits.

2

The credits to be brought into account for the purposes of that Part in respect of a discount arising from a money debt under a relevant non-lending relationship are to be determined using an amortised cost basis of accounting.