{
  "url": "https://openlegislation.uk/finance-act-2019/schedule-11/paragraph-6",
  "json_url": "https://openlegislation.uk/finance-act-2019/schedule-11/paragraph-6.json",
  "legislation": "ukpga/2019/1",
  "legislation_title": "Finance Act 2019",
  "legislation_url": "https://openlegislation.uk/finance-act-2019",
  "path": "schedule/11/paragraph/6",
  "kind": "paragraph",
  "number": "6",
  "heading": null,
  "text": "(1) Section 413 (adjusted net group-interest expense) is amended as follows.\n(2) In subsection (3)—\n(a) in paragraph (a), for “an asset or liability” substitute “ a non-financial asset or non-financial liability ”, and\n(b) in paragraph (b), after “an amount that” insert “ , in the case of a non-financial asset, ”.\n(3) In subsection (4)—\n(a) in paragraph (a), for “an asset or liability” substitute “ a non-financial asset or non-financial liability ”, and\n(b) in paragraph (b), after “an amount that” insert “ , in the case of a non-financial asset, ”.\n(4) For subsection (5) substitute—\n“(5) For the purposes of subsections (3)(a) and (b) and (4)(a) and (b)—\n(a) an asset is a “non-financial asset” if it is not a financial asset for accounting purposes or it is a share in a company,\n(b) a liability is a “non-financial liability” if it is not a financial liability for accounting purposes or it is in respect of a share issued by a company, and\n(c) references to amounts brought into account in determining the carrying value of a non-financial asset or non-financial liability do not include amounts so brought into account as a result of writing off any part of an amount which was itself so brought into account;\nand in paragraphs (a) and (b) “share” has the meaning given by section 476(1) of CTA 2009.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2019/1/schedule/11/paragraph/6",
    "retrieved_at": "2026-10-29T09:04:30.296814+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}