Related Commentary  Related HMRC Manuals

382(1)  References in this Part to a “tax-interest expense amount” of a company for a period of account of a worldwide group are to any amount that–

(a)is (or apart from this Part would be) brought into account for the purposes of corporation tax in a relevant accounting period of the company, and

(b)meets condition A, B or C.

382(2)  Condition A is that the amount is a relevant loan relationship debit (see section 383).

382(3)  Condition B is that the amount is a relevant derivative contract debit (see section 384).

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