Commentary

D1.746 Loan relationships—Capitalised interest and imputed interest

Corporate tax
Corporate tax | Commentary

D1.746 Loan relationships—Capitalised interest and imputed interest

Corporate tax | Commentary

D1.746 Loan relationships—Capitalised interest and imputed interest

Capitalised interest

For accounting periods beginning on or after 1 January 2016 a relieving provision applies where debits or credits in respect of a loan relationship are, in accordance with generally accepted accounting practice, included in determining the carrying value of an asset or a liability. In such cases, where the profits or losses arising on the asset or liability for corporation tax purposes are not determined by reference to the basis on which they are recognised in the company's accounts in accordance with generally accepted accounting practice, the debits and credits that

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