OpenLegislation

Paragraph 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).