# Finance Act 2019, Paragraph 15


(1) Section 301 (calculation of non-trading profits and deficits from loan relationships: non-trading credits and debits) is amended as follows.
(2) In subsection (1) for “as follows” substitute “ in accordance with subsections (4) to (7) ”.
(3) After subsection (1) insert—
“(1A) But in the case of a non-UK resident company the only non-trading credits and non-trading debits to be used are those in respect of loan relationships that the company is a party to for a purpose mentioned in section 5(3A)(b) or (3B)(b).”

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Source: https://www.legislation.gov.uk/ukpga/2019/1/schedule/5/paragraph/15 (the official version)
Page: https://openlegislation.uk/finance-act-2019/schedule-5/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.