[427 Group interest and group-EBITDA]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[Effect of interest allowance (non-consolidated investment) election]

[427  Group interest and group-EBITDA]

[(1)     Where an interest allowance (non-consolidated investment) election (see paragraph 17 of Schedule 7A) has effect in relation to a period of account of a worldwide group, this Chapter applies in relation to the period subject to this section.

(2)     In this section and section 428 (which contains further interpretative provision)—

(a)     “the principal worldwide group” means the worldwide group mentioned in subsection (1);

(b)     “the relevant period of account” means the period of account mentioned in subsection (1).

(3)

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