SCHEDULES
C1SCHEDULE 15Tax treatment of financing costs and income
Annotations:
Modifications etc. (not altering text)
Part 10Other interpretative provisions
Treatment of business combinations
84
1
This paragraph applies where two corporate entities are—
a
not subsidiaries of the same entity, but
b
are treated under international accounting standards as a single economic entity by reason of being a business combination achieved by contract.
2
The two entities are treated for the purposes of this Schedule as if—
a
they were one entity, and
b
that one entity were a corporate entity.
Sch. 15 modified (21.7.2009 retrospective) by Finance (No. 3) Act 2010 (c. 33), Sch. 5 para. 36(2)