# Corporation Tax Act 2010, Section 357NI: Interest or other financing costs and receipts


(1) No deduction is allowed in calculating the profits attributable to the company's NIRE for payments of interest or other financing costs by the NIRE to any other part of the company.
(2) No receipt is to be brought into account in calculating profits attributable to the NIRE for interest or other financing income received from any other part of the company.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/357NI (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-357NI
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.