CFM30160 - Loan relationships: a short guide: who is taxable?
Who is taxable?
A company is taxable on the 바카라 사이트˜credits바카라 사이트™ and 바카라 사이트˜debits바카라 사이트™ that arise on its 바카라 사이트˜creditor loan relationships바카라 사이트™ and its 바카라 사이트˜debtor loan relationships바카라 사이트™.
A company that lends money or holds a security has a 바카라 사이트˜creditor relationship바카라 사이트™.
A company that borrows money or issues a security has a 바카라 사이트˜debtor relationship바카라 사이트™.
CFM30170 has more on the terms 바카라 사이트˜credits바카라 사이트™ and 바카라 사이트˜debits바카라 사이트™. Note that these words refer respectively to receipts and expenses. They are not used as they are in accountancy to mean also liabilities and assets.