# Finance Act 2026, Paragraph 8: Attribution of profits

Extent: E+W+S+N.I.

Omit—
(a) section 25 (non-UK resident banks: introduction);
(b) section 26 (transfer of financial assets);
(c) section 27 (loans: attribution of financial assets and profits arising);
(d) section 28 (borrowing: permanent establishment acting as agent or intermediary);
(e) section 29 (allowable deductions);
(f) section 30 (restriction on deductions: costs);
(g) section 31 (restriction on deductions: payments in respect of intangible assets);
(h) section 32 (restriction on deductions: interest or other financing costs).

---
Source: https://www.legislation.gov.uk/ukpga/2026/11/schedule/7/paragraph/8 (the official version)
Page: https://openlegislation.uk/finance-act-2026/schedule-7/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.