# Corporation Tax Act 2009, Section 49: Items treated as receipts and expenses


The rules for calculating the profits of a trade need to be read with—
(a) the provisions of CAA 2001 which treat allowances as expenses of a trade,
(b) the provisions of CAA 2001 which treat charges as receipts of a trade,
(c) section 297 (credits and debits in respect of a loan relationship to which a company is a party for the purposes of a trade it carries on treated as receipts and expenses of the trade),
(d) section 573 (credits and debits in respect of a derivative contract to which a company is a party for the purposes of a trade it carries on treated as receipts and expenses of the trade),
(e) section 747 (credits and debits in respect of an intangible fixed asset held by a company for the purposes of a trade it carries on treated as receipts and expenses of the trade), and
(f) section 749 (credits and debits in respect of an intangible fixed asset held by a company for the purposes of a section 39(4) concern which it carries on treated as receipts and expenses of the concern).

---
Source: https://www.legislation.gov.uk/ukpga/2009/4/section/49 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-49
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.