Schedules
Schedule 3Corporate interest restriction etc.
Part 1Amendments to TIOPA 2010
6“Relevant expense amount” and “relevant income amount”
1
Section 411 (“relevant expense amount” and “relevant income amount”) is amended as follows.
2
For subsection (1)(j) substitute—
j
debits that are brought into account under Part 5 of CTA 2009 as a result of section 481 of that Act (relevant non-lending relationships), or would be so brought into account if the company in question were within the charge to corporation tax, other than—
i
exchange losses, or
ii
impairment losses;
3
For subsection (2)(h) substitute—
h
credits that are brought into account under Part 5 of CTA 2009 as a result of section 481 of that Act (relevant non-lending relationships), or would be so brought into account if the company in question were within the charge to corporation tax, other than—
i
exchange gains, or
ii
the reversal of impairment losses;