Section 482 — Corporation Tax Act 2009: Miscellaneous rules about amounts to be brought into account because of this Chapter

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