SCHEDULES
SCHEDULE 20Taxation of hybrid capital instruments
PART 2Corporation tax, income tax and capital gains tax
Consequential amendments
7
1
Part 5 of CTA 2009 (loan relationships) is amended as follows.
2
In section 398 (overview of Chapter 12), in subsection (2)—
a
omit the “and” at the end of paragraph (d), and
b
after paragraph (e) insert
, and
f
section 420A (hybrid capital instruments).
3
In section 465(3) (provisions preventing amounts from being distributions), before paragraph (za) insert—
zza
section 420A(2) (hybrid capital instruments),