SCHEDULES
SCHEDULE 20Taxation of hybrid capital instruments
PART 2Corporation tax, income tax and capital gains tax
Consequential amendments
8
1
Part 10 of TIOPA 2010 (corporate interest restriction) is amended as follows.
2
In section 413(6) (adjusted net group-interest expense: “relevant enactment”) for paragraph (b) substitute—
b
section 320B of CTA 2009 (hybrid capital instruments: amounts recognised in equity).
3
In section 415 (qualifying net group-interest expense: interpretation), omit subsection (8).