[373 Meaning of “subject to interest restrictions”, “the total disallowed amount” etc]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[373  Meaning of “subject to interest restrictions”, “the total disallowed amount” etc]

[(1)     A worldwide group is “subject to interest restrictions” in a period of account of the group if—

(a)     the aggregate net tax-interest expense of the group for the period (see section 390), exceeds

(b)     the interest capacity of the group for the period (see section 392).

(2)     “The

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