Commentary

D7.436 Definition of BLAGAB income

Corporate tax
Corporate tax | Commentary

D7.436 Definition of BLAGAB income

Corporate tax | Commentary

BLAGAB income

D7.436 Definition of BLAGAB income

The rules in this division apply for accounting periods beginning on or after 1 January 2013. For accounting periods beginning before 1 January 2013 see Division D7.5.

The legislation lists the various items of income or credits that constitute income for the purposes of Step 11:

  1.  

    (a)     income charged under CTA 2009, Pt 4 Ch 3 in respect of any of the separate UK property businesses carried on by the company (see D7.437)

  2.  

    (b)     credits in respect of any loan relationships

  3.  

    (c)     credits in respect of derivative contracts

  4.  

    (d)     credits in respect of

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