SCHEDULES

SCHEDULE 15 U.K.Tax treatment of financing costs and income

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 10 U.K.Other interpretative provisions

Meaning of “ultimate parent” U.K.

80 (1) For the purposes of this Schedule “ultimate parent”, in relation to a group, means an entity that— U.K.

(a) is a member of the group,

(b) is a corporate entity or a relevant non-corporate entity,

(c) is not a subsidiary (whether direct or indirect) of a corporate entity or a relevant non-corporate entity, and

(d) is not a collective investment scheme.

(2) In this paragraph “collective investment scheme” has the meaning given by section 235 of FISMA 2000.