B2.438 Financial Expenditure—Case Law

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Commentary

Business tax

For further commentary on the deductibility of financing expenditure, see B2.436 and B2.437.

The deductibility of interest for corporation tax purposes is governed by the loan relationships regime (see Division D1.7).

Deductible interest costs

The following have been held to be deductible:

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•�� commission paid to a guarantor in respect of a company's running indebtedness¹
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•�� half-yearly payments made by one company to another to secure a

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D6.503 International movement of capital—reportable transactions and events

E4.507S Operation of the charge on securities with artificially enhanced market value

I4.265 Lifetime transfers reported late

B3.325 General exclusions—first-year qualifying expenditure

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