Part 4Property income
Chapter 3Profits of property businesses: basic rules
Calculation of profits
211Loan relationships and derivative contracts
C11
The profits of a property business are calculated without regard to items giving rise to—
a
credits or debits within Part 5 (loan relationships), or
b
credits or debits within Part 7 (derivative contracts).
2
This section does not affect the width of the provision made by—
a
section 464 (priority of Part 5 for corporation tax purposes), or
b
section 699 (priority of Part 7 for corporation tax purposes).