S34 Income Tax (Trading and Other Income) Act 2005

Money lending by solicitors not uncommon but is it truly part of their profession?

For companies chargeable to Corporation Tax, the tax treatment of loans and advances is now governed exclusively by the loan relationships regime in Parts 5 and 6 Corporation Tax Act 2009. Detailed guidance is at CFM30000. The guidance below only applies to other categories of taxpayer.

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