PART 1PRELIMINARY PROVISIONS AND INTERPRETATION

Introduction and structure of Regulations2

1

These Regulations make provision about the treatment for the purposes of corporation tax of certain financing costs and certain financing income of companies that are members of a group.

2

The structure of these Regulations is as follows—

  • Part 1 makes provision in relation to general and preliminary matters;

  • Part 2 makes provision in relation to the disallowance of deductions;

  • Part 3 makes provision in relation to the exemption of financing income.