Version Superseded: 16/11/2017
Point in time view as at 15/09/2016. This version of this provision has been superseded.
There are currently no known outstanding effects for the Taxation (International and Other Provisions) Act 2010, Section 308.
(1)In section 307(2) the “relevant net deduction” means—
(a)the amount by which the total disallowed amount exceeds the tested income amount, or
(b)if the total disallowed amount does not exceed the tested income amount, nil.
(2)In this section the “total disallowed amount” means—
(a)the amount by which the tested expense amount exceeds the available amount, or
(b)if the tested expense amount does not exceed the available amount, nil.
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