{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-211",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-211.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/211",
  "kind": "section",
  "number": "211",
  "heading": "Loan relationships and derivative contracts",
  "text": "(1) The profits of a property business are calculated without regard to items giving rise to—\n(a) credits or debits within Part 5 (loan relationships), or\n(b) credits or debits within Part 7 (derivative contracts).\n(2) This section does not affect the width of the provision made by—\n(a) section 464 (priority of Part 5 for corporation tax purposes), or\n(b) section 699 (priority of Part 7 for corporation tax purposes).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "S. 211(1) restricted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 599(3), 1184(1) (with Sch. 2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/211",
    "retrieved_at": "2026-10-29T09:11:19.560467+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}