# Taxation (International and Other Provisions) Act 2010, Section 371ID: The 75% exemption


(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.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/section/371ID (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-371ID
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.