Section 371ID The 75% exemptionF1
(1)
This section applies to a qualifying loan relationship if section 371IB does not apply to the qualifying loan relationship.
(2)
75% of the profits of the qualifying loan relationship are exempt.
Annotations
Textual amendments
- F1
Pt. 9A inserted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 20 para. 1 (with ss. 56-58)
Notes on Chapter 9
Modifications
- C1
Pt. 9A Ch. 9 applied (with modifications) by 2009 c. 4, s. 18HE (as substituted (with effect in accordance with Sch. 20 para. 55(2) of the amending Act) by Finance Act 2012 (c. 14), Sch. 20 para. 6)