Taxation (International and Other Provisions) Act 2010 section 382

The tax-interest expense amounts of a company

Section 382 defines what counts as a "tax-interest expense amount" for a company within a worldwide group, covering loan relationship debits, derivative contract debits, and implicit financing costs in certain arrangements, with rules for adjusting amounts when accounting periods do not align with the group's period of account.

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.