CFM30190 - Loan relationships: a short guide: special rules
Special rules
If the computation shows adjustments in respect of
- groups (CFM34000)
- connected parties (CFM35000)
- partnerships of which a company is a member (CFM36000)
you will need to consult the full guidance.
Broadly, such computational adjustments are an exception to the normal 바카라 사이트˜follow the accounts바카라 사이트™ principle.
In the case of groups of companies, a loan relationship may be transferred between companies in the same group on a no profit/no loss basis, in a similar way to the intra-group transfer of assets for capital gains purposes.
Where companies are connected, the rules specify that loan relationships profits and losses must be computed using the amortised cost basis of accounting, and in general 바카라 사이트˜impairment losses바카라 사이트™ (bad debts), and the reversal of impairment losses, are not allowable or taxable.