SCHEDULES

C1SCHEDULE 15Tax treatment of financing costs and income

Annotations:
Modifications etc. (not altering text)
C1

Sch. 15 modified (21.7.2009 retrospective) by Finance (No. 3) Act 2010 (c. 33), Sch. 5 para. 36(2)

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.