SCHEDULES
SCHEDULE 4Real estate investment trusts
41Financing cost ratio
1
Section 544 (meaning of “property financing costs” etc) is amended as follows.
2
In subsection (5) for “include” and paragraphs (a) to (e) substitute
are—
a
interest payable on borrowing,
b
amortisation of discounts relating to borrowing,
c
amortisation of premiums relating to borrowing,
d
the financing expense implicit in payments made under finance leases, and
e
alternative finance return (as defined in sections 511 to 513 of CTA 2009).
3
After subsection (5) insert—
6
The Treasury may by regulations amend the list of matters in subsection (5) by inserting, omitting or amending a description of a matter.