[443 Interest capacity for group with qualifying infrastructure company etc]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[443  Interest capacity for group with qualifying infrastructure company etc]

[(1)     If a worldwide group for a period of account includes a qualifying infrastructure company at any time, the general rule is that the interest capacity of the group for the period is calculated as if section 392 did not contain the de minimis provisions.

[(2)     There is an exception to the general rule (see subsections (4) and (5)) which—

(a)     applies if no tax-interest income amounts of any qualifying infrastructure company (“Q”) which is a member of the group for the period are receivable from another qualifying

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