Where there has been a change in the ownership of a company with investment business resulting in a restriction of carry forward of management expenses (see D7.322), there is also a restriction on the amount of loan relationship debits and non-trading deficits which can be deducted for periods after the change1.
The loan relationship debits concerned are2:
- Ìý
•ÌýÌýÌýÌý a non-trading debit which is brought into charge under an amortised cost basis of accounting that:
- Ìý
–ÌýÌýÌýÌý because it is paid late, is not brought into account until it is paid, and
- Ìý
–ÌýÌýÌýÌý would otherwise have been brought into account for an accounting
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