SCHEDULES
SCHEDULE 11Corporate interest restriction
8Adjusted net group-interest expense: impairment debts and credits and connected companies
1
Section 413 (meaning of “adjusted net group-interest expense”) is amended as follows.
2
In subsection (3)(d)(i)—
a
for “or 323A” substitute “, 323A, 358 or 359”, and
b
omit “(cases where credits not required to be brought into account)”.
3
In subsection (4)(d)(i)—
a
after “section 323A” insert “or 354”, and
b
omit “(cases where credits not required to be brought into account)”.