F1PART 8CRestitution interest
Annotations:
Amendments (Textual)
CHAPTER 1Amounts taxed as restitution interest
357YBRestitution interest chargeable as income
1
Profits arising to a company which consist of restitution interest are chargeable to tax as income under this Part (regardless of whether the profits are of an income or capital nature).
F21A
In subsection (1) the reference to a company does not include a charitable company.
2
In this Part references to “profits” are to be interpreted in accordance with section 2(2) of CTA 2009.
Pt. 8C inserted (18.11.2015) (with effect in accordance with s. 38(9)-(12) of the amending Act) by Finance (No. 2) Act 2015 (c. 33), s. 38(3)