Non-trading deficit

UK tax.

For UK tax purposes, non-trading deficits include all debits arising from non-trading loan relationships.

Debits include all expenses, costs and losses, for example interest payable.

A non-trading deficit is where a company incurs net debits arising on non-trading loans.

Non-trading deficits may be offset against total taxable profits for the year.

See also

• Loan relationship
• Loan relationship income
• Non-trade
• Non-trading debit
• Non-trading loan