Taxation (International and Other Provisions) Act 2010 section 275A

Meaning of "dual resident investing company"

Section 275A previously defined the term "dual resident investing company" for the purposes of Part 7 of the Act, but this section has been repealed.

• Section 275A was part of Part 7 of TIOPA 2010, which dealt with tax rules applicable to financing arrangements involving groups of companies.
• The entire Part 7, including this section, was repealed by the Finance (No. 2) Act 2017 as part of the introduction of the corporate interest restriction rules.
• The repeal took effect for periods of account of worldwide groups beginning on or after 1 April 2017.
• The corporate interest restriction regime in Finance (No. 2) Act 2017 replaced the old Part 7 rules with a new framework for limiting the amount of interest expense that corporate groups can deduct for tax purposes.