Corporation Tax Act 2009 section 292

Overview of Part

Section 292 provides a roadmap to Part 5 of the Corporation Tax Act 2009, which governs how profits and deficits from a company's loan relationships are brought into account for corporation tax purposes.

• Part 5 sets out the corporation tax treatment of profits and deficits arising from a company's loan relationships
• Profits and deficits are calculated using a system of credits and debits, which are categorised as either trading or non-trading amounts
• The Part contains 18 chapters covering general rules, connected companies, partnerships, special types of company and security, group transfers, European cross-border transactions, and anti-avoidance provisions
• Part 5 must be read alongside Part 6 (which extends the loan relationship rules to certain arrangements that are not strictly loans) and Part 19 (general exemptions)