Paragraph 5 Amounts not brought into account in determining a company’s tax-EBITDA

Section 407(1) (amounts not brought into account in determining a company’s tax-EBITDA) is amended as follows.

At the end of paragraph (a) insert “(or an amount which would, apart from section 388, be a tax-interest income amount);”.

After paragraph (g) insert—

“(ga)

a reduction under paragraph 37(3)(b) of Schedule 5 to FA 2019 (non-UK resident companies carrying on UK property businesses etc: unrelieved amounts);”.