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Tax Compliance > Chapter 18 - Corporation Tax > Flashcards

Chapter 18 - Corporation Tax Flashcards

1
Q

How are debentures treated regarding TRL/NTRL Agreements for corporation tax purposes?

A

Debentures taken out to buy assets for trade, are trading loan relationships.
Losses on sales of debentures are non-trading loan relationships.

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Tax Compliance (20 decks)

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