Statute
Section 295 — Corporation Tax Act 2009: General rule: profits arising from loan relationships chargeable as income
Text of the provision Official document
General rule: profits arising from loan relationships chargeable as income 295 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).
Official source: legislation.gov.uk
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