Related Commentary  Related HMRC Manuals

328(1)  The reference in section 306A(1) to the profits and losses arising to a company from its loan relationships and related transactions includes a reference to exchange gains and losses so arising.

328(2)  [Omitted by F(No. 2)A 2015, s. 32 and Sch. 7, para. 20(3).]

328(2A)  [Omitted by F(No. 2)A 2015, s. 32 and Sch. 7, para. 20(3).]

328(3)  But subsection (1) does not apply to an exchange gain or loss of a company so far as it–

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