Paragraph 242
United Kingdom
(1)
Amend section 787 (restriction of relief for payments of interest) as follows.
F1(2)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)
Omit subsection (1A).
(4)
In subsection (2) omit “or total profits”.
(5)
Omit subsection (3).
Annotations
Textual amendments
- F1
Sch. 1 para. 242(2) repealed (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 10 Pt. 12 (with Sch. 9 paras. 1-9, 22)