# Corporation Tax Act 2009, Section 295: General rule: profits arising from loan relationships chargeable as income


(1) The general rule for corporation tax purposes is that all profits arising to a company from its loan relationships are chargeable to tax as income in accordance with this Part.
(2) But see section 465 (exclusion of distributions except in tax avoidance cases).

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/295 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-295
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.