Related Commentary  Related HMRC Manuals

393(1)  This section applies for the purposes of this Chapter.

393(2)  The amount of the interest allowance of a worldwide group for a period of account (“the originating period”) that is “available” in a later period of account of the group (“the receiving period”) is (subject to subsection (5)) the lower of amounts A and B.

393(3)  Amount A is–

(a)the amount of the interest allowance for the originating period, less

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