58 Incidental costs of obtaining finance
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

Incidental costs of obtaining finance

58  Incidental costs of obtaining finance

(1)     In calculating the profits of a trade, a deduction is allowed for incidental costs of obtaining finance by means of—

(a)     a loan, or

(b)     the issue of loan stock,

if the interest on the loan or stock is deductible

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