Amendment of regulation 13 (treatment of interest distributions for purposes of loan relationships)

3.  In regulation 13 (treatment of interest distributions for purposes of loan relationships), for paragraph (1A)(1) substitute—

“(1A) But paragraph (1) only applies to the extent that the interest distribution is derived from income in respect of which the legal owner is charged to corporation tax.”.

(1)

Paragraph (1A) was inserted by S.I. 2010/1642.