Section 485 Exclusion of debts where profits or losses within Part 7 or 8
This Chapter does not apply to a debt in respect of which profits or losses (if any) fall to be brought into account under—
(a)
Part 7 (derivative contracts), or
(b)
Part 8 (intangible fixed assets).
Notes on Part 6
Modifications
- C1
Pt. 6 modified (for the tax year 2026-27 and subsequent tax years (but in relation to investment management services whenever performed)) by 2005 c. 5, Sch. A1 para. 35(7) (as inserted by Finance Act 2026 (c. 11), s. 58(6), Sch. 11 para. 1)