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11In section 415 (qualifying net group-interest expense: interpretation), for subsection (7) substitute—
“(7)For the purposes of section 414(3)(c), a “relevant equity note” is a security that—
(a)is an equity note within the meaning of section 1016 of CTA 2010, by reference to satisfying a test in subsection (2) of that section, and
(b)would satisfy that test if the “permitted period” for the purposes of that section were the period of 100 years beginning with the date of the security’s issue.”
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