Taxation (International and Other Provisions) Act 2010 section 323

Stranded deficits in non-trading loan relationships: financing income

Section 323 dealt with stranded deficits arising from non-trading loan relationships and how they related to financing income under the former worldwide debt cap rules, but this section has been repealed and replaced by the corporate interest restriction regime.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.