S187-S191 Income Tax (Trading and Other Income) Act 2005 (ITTOIA 2005), S172-S175 Corporation Tax Act 2009 (CTA 2009)

Where a deduction is claimed in respect of a debt which cannot be paid or brought to the UK because of exchange control restrictions or because of a shortage of foreign currency in the debtor's country, such debts are not bad or doubtful within the meaning of BIM42701.

Instead, a separate relief is available as follows.

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