CTA09/S478-486

Money debts that do not arise from lending money: ‘non-lending relationships’

Not all money debts arise, or are treated as arising, from the lending of money. The legislation refers to such debts as ‘relevant non-lending relationships’. Certain amounts arising on such money debts are brought into account within the loan relationships rules under CTA09/PT6/CH2 (S478-486).

Interest, exchange gains and losses, and (for periods beginning on or after 1 January 2005) impairment losses on such debts, where payment falls to be taken into account as a receipt of a trade or a property business, are within the loan relationships provisions.

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