Taxation (International and Other Provisions) Act 2010
2010 CHAPTER 8
Commentary on Sections
Part 7: Tax treatment of financing costs and income
Chapter 7: “Financing expense amount” and “financing income amount”
Section 322: Stranded deficits in non-trading loan relationships: financing expense
606.This section deals with stranded deficits in non-trading loan relationships from the perspective of the company incurring the financing expense and prevents a financing expense which meets condition A in section 313 from being treated as such. It is based on paragraph 63 of Schedule 15 to FA 2009.
- Previous
- Explanatory Notes Table of contents
- Next