Lucky Ltd was incorporated on 20 July 2014, and commenced trading on 1 December 2014. The following information is available for the four-month period 1 December 2014 to 31 March 2015:

(3) Lucky Ltd made a loan to another company for non-trading purposes on 1 February 2015. Loan interest income of £700 was accrued at 31 March 2015.

Required:
Will £700 accrued interest income be subject to corporation tax?