Finance Act 2018 (c. 3)

SCHEDULES

SCHEDULE 8 U.K. Corporate interest restriction

PART 1 U.K. Amendments of Part 10 of TIOPA 2010

Other amendments U.K.

20 (1) Section 411 (meaning of “relevant expense amount” and “relevant income amount”) is amended as follows. U.K.

(2) In subsection (1)—

(a) in paragraph (b), after “loan relationship” insert “ or related transaction ”, and

(b) in paragraph (h), after “debt factoring” insert “ or any similar transaction ”.

(3) In subsection (2)(f), after “debt factoring” insert “ or any similar transaction ”.