Jurisdiction(s):
United Kingdom

Key definition

Loan relationships regime definition

What does Loan relationships regime mean? Describes the corporation tax rules that bring together a company’s interest, foreign exchange movements and other profits or losses on debt and related financial instruments, so that the accounting credits and debits are taxed or relieved in a coherent way. In UK practice, the loan relationships regime is the statutory code in Part 5 Corporation Tax Act 2009 (and related provisions). It requires companies to bring into account amounts arising from money debts, including interest, discounts, premiums, impairments, releases and exchange gains and losses, generally following UK GAAP or IFRS measurement (amortised cost or fair value), subject to...

UK corporation tax: scope of the loan relationships regime—definitions, deemed relationships, interest-like returns and special cases (CTA 2009 Parts 5–6)

Published by a LexisNexis Tax expert

Practice notes

The Loan relationships regime sets out the rules governing the taxation and relief of a company’s Profits and losses arising from its ‘loan relationships’. Those rules are contained in Part 5 of the Corporation Tax Act 2009 (CTA 2009), with further provisions included in Part 6. This Practice Note examines the categories of transactions and other arrangements that come within the scope of the loan relationships regime. For the computational rules that determine how profits and losses on loan relationships are calculated and brought into account for corporation tax purposes, see Practice Note: Loan relationships—the main tax rules.

Who is taxed under the loan relationships regime?

The Loan relationships rules apply to companies within the charge to corporation tax...

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Web page updated on 22/05/2026

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