441 Loan relationships for unallowable purposes
Corporation Tax Act 2009 (2009 c 4) | Legislation

Unallowable purposes and tax relief schemes

441  Loan relationships for unallowable purposes

(1)     This section applies if in any accounting period a loan relationship of a company has an unallowable purpose.

(2)     The company may not bring into account for that period for the purposes of this Part so much of any credit in respect of exchange gains from that relationship as on a just and reasonable apportionment is attributable

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