Related Commentary  Related HMRC Manuals

395(1)  This section contains provision for determining for the purposes of this Chapter the extent to which an interest allowance of a worldwide group for a period of account (“the originating period”) is “unexpired” in a later period of account of the group (“the receiving period”).

395(2)  If the receiving period–

(a)begins 5 years or less after the originating period begins, and

(b)ends 5 years or less after the originating period ends,

all of the interest allowance for the originating period is unexpired in the receiving period.

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