Schedule 15 Tax treatment of financing costs and income

United Kingdom

1. 1Introduction
2. 2Application of this Schedule
3. 3Disallowance of deductions
4. 4Exemption of financing income
5. 5Intra-group financing income where payer denied deduction
6. 6Anti-avoidance
7. 7“Financing expense amount” and “financing income amount”
8. 8The “tested expense amount” and “tested income amount”
9. 9The “available amount”
10. 10Other interpretative provisions
11. 11Consequential amendments and commencement