SCHEDULES

SCHEDULE 20 Taxation of hybrid capital instruments

PART 2 Corporation tax, income tax and capital gains tax

Normal commercial loans

6 In section 162 of CTA 2010 (meaning of “normal commercial loan”) after subsection (1) insert—

“(1B) For those purposes, “normal commercial loan” also includes a hybrid capital instrument (within the meaning of section 475C of CTA 2009).”