SCHEDULES

SCHEDULE 8Corporate interest restriction

PART 1Amendments of Part 10 of TIOPA 2010

8Public infrastructure

1

Section 434 (elections under section 433) is amended as follows.

2

In subsection (1)(a), for “the beginning” substitute “the end”.

3

In subsection (5), after paragraph (a) (but before the “and” at the end of it) insert—

ab

the time of the transfer falls in a period of account of a worldwide group of which both the transferor and transferee are members,