Commentary

D7.5139 Non-trading loan relationship debits

Corporate tax
Corporate tax | Commentary

D7.5139 Non-trading loan relationship debits

Corporate tax | Commentary

D7.5139 Non-trading loan relationship debits

The rules in this division apply for accounting periods beginning before 1 January 2013. For accounting periods beginning on or after 1 January 2013 see Division D7.4.

In general relief for interest paid by a life insurance company will be relieved under the loan relationship rules in CTA 2009, Pt 51.

Interest paid that is referable to BLAGAB will be a non-trading debit to be aggregated with other such debits and credits in arriving at the amount of loan relationship income to be included in the I-E computation2. Interest referable to gross roll up business will

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial