Corporation Tax Act 2009 section 528

Regulations about income-producing assets

Section 528 gives the Treasury the power to expand the list of income-producing assets that are relevant to the loan relationships rules.

• The Treasury may make regulations to add new types of assets to the statutory list of income-producing assets defined in section 527.
• This power allows the rules to keep pace with developments in financial markets without requiring primary legislation.
• Any additions made by regulation extend the scope of the loan relationships provisions to cover newly specified asset types.
• The provision originates from section 91C(4) and (5) of the Finance Act 1996 and was amended by Finance Act 2009.