[457 Elections under section 456: deemed debits and credits]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[457  Elections under section 456: deemed debits and credits]

[(1)     This section applies if—

(a)     as a result of an election under section 456, the tax-interest expense amounts of a company include notional debits for an accounting period,

(b)     the worldwide group of which the company is a member is subject to interest restrictions for a period of account, and

(c)     the total disallowed

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