SCHEDULES

SCHEDULE 20 U.K.Taxation of hybrid capital instruments

PART 2 U.K.Corporation tax, income tax and capital gains tax

Consequential amendments U.K.

7 (1) Part 5 of CTA 2009 (loan relationships) is amended as follows. U.K.

(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),”.