SCHEDULES

C1SCHEDULE 15Tax treatment of financing costs and income

Annotations:
Modifications etc. (not altering text)
C1

Sch. 15 modified (21.7.2009 retrospective) by Finance (No. 3) Act 2010 (c. 33), Sch. 5 para. 36(2)

Part 7“Financing expense amount” and “financing income amount”

Stranded management expenses in non-trading loan relationships: financing income

66

1

This paragraph applies where—

a

under paragraph 65, the relevant amount is treated is not being a financing expense amount of company A, and

b

apart from this paragraph, the relevant amount is a financing income amount of company B by virtue of meeting condition A in paragraph 55.

2

The relevant amount is treated as not being a financing income amount of company B.

3

In this paragraph “company A” and “company B” have the same meanings as in paragraph 65.