# Taxation (International and Other Provisions) Act 2010, Section 391: Meaning of “impairment loss”


(1) In this Part “impairment loss” means a loss in respect of the impairment of a financial asset.
(2) A reference to a debit in respect of an impairment loss does not include a debit that is (or apart from this Part would be) brought into account in an accounting period in respect of an asset for which fair value accounting is used.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/section/391 (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-391
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.