Taxation (International and Other Provisions) Act 2010 section 423

Capitalised interest brought into account for tax purposes in accordance with GAAP

Section 423 modifies how capitalised interest is treated within the corporate interest restriction rules when a worldwide group has made an interest allowance (alternative calculation) election.

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.