Related Commentary  Related HMRC Manuals

357CG(1)  This section applies for the purposes of determining under section 357C the relevant IP profits of a trade of a company for an accounting period.

357CG(2)  In calculating the profits of the trade for the accounting period–

(a)there are to be added the amounts in subsection (3), and

(b)there are to be deducted the amounts in subsection (4).

357CG(3)  The amounts to be added are–

(a)the amount of any debits which are treated as expenses of the trade by virtue of–

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

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.