SCHEDULES

SCHEDULE 15Tax treatment of financing costs and income

Part 6Anti-avoidance

50Calculation of amounts

1

References in paragraph 48 to the calculation of any amount or sum in accordance with this paragraph are to the calculation of that amount or sum on the following assumptions.

2

The assumptions are that—

a

the scheme in question was not entered into, and

b

instead, anything that it is more likely than not would have been done or not done, had this Schedule not had effect in relation to the relevant period of account, was done or not done.