Taxation (International and Other Provisions) Act 2010 (c. 8)

Part 7 U.K. Tax treatment of financing costs and income

CHAPTER 2 U.K. Application of Part

[F1 273A Meaning of “group securitisation company” U.K.

For the purposes of this Chapter, a company is a “group securitisation company” at any time during a period of account of the worldwide group if—

(a) it is, at that time, a securitisation company within the meaning of section 83(2) of FA 2005 or section 623 of CTA 2010, and

(b) its results are disclosed in the financial statements of the worldwide group for the period.]

Textual Amendments

F1 S. 273A inserted (retrospectively) by Finance (No. 3) Act 2010 (c. 33), Sch. 5 paras. 12, 36(1)