Related Commentary  Related HMRC Manuals

357BG(1)  For the purposes of this Part “finance income”, in relation to a trade of a company, means–

(a)any credits which are treated as receipts of the trade by virtue of–

(i)section 297 of CTA 2009 (credits in respect of loan relationships), or

(ii)section 573 of CTA 2009 (credits in respect of derivative contracts),

(b)any amount which in accordance with generally accepted accounting practice falls to be recognised as arising from a financial asset, and

(c)any return, in relation to an amount, which–

(i)is produced for the company by an arrangement to which it is a party, and

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.