Finance Act 2009 (c. 10)

SCHEDULES

SCHEDULE 15 U.K. Tax treatment of financing costs and income

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 7 U.K. “Financing expense amount” and “financing income amount”

Intra-group short-term finance: financing income U.K.

61 (1) This paragraph applies where— U.K.

(a) under paragraph 60, the relevant amount is treated as not being a financing expense amount of company A, and

(b) apart from this paragraph, the relevant amount is a financing income amount of company B by virtue of meeting condition A in paragraph 55.

(2) The relevant amount is treated as not being a financing income amount of company B.

(3) In this paragraph “company A” and “company B” have the same meanings as in paragraph 60.