70 Underlying tax reflecting interest on loans
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

70  Underlying tax reflecting interest on loans

(1)     Subsection (2) applies if—

(a)     a bank, or a company connected with a bank, makes a claim for an allowance by way of credit in accordance with this Chapter,

(b)     there is a dividend-paying chain (see section 64) in which—

(i)     the first company is the claimant, and

(ii)     the second company is a company resident outside the United Kingdom,

(c)     the claimant—

(i)     controls directly or indirectly, or

(ii)     is a subsidiary

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Title guarantee and covenants for title

On the disposition of a property (whether by way of conveyance, transfer or charge), the party making the disposition will normally provide a title guarantee which implies standard form covenants for title. A landlord may give a title guarantee when granting a lease, but this is rare in practice.

LEXISNEXIS

Codicils

CodicilsCodicils may be used for making any alteration in a Will such as to alter the executors or make changes in legacies, whether by addition or deletion but that is by no means their only use. As a general rule, substantial changes are best achieved by means of a new Will and codicils are more

LEXISNEXIS

PRA Rulebook—introduction for the insurance and reinsurance sector

PRA Rulebook—introduction for the insurance and reinsurance sectorOn 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise

LEXISNEXIS

Possession of a bladed article

Possession of a bladed articleThe offence of possession of a bladed articleThe offence of having a bladed article in a public place can be tried in either the magistrates' court or the Crown Court. The magistrates' court will decline jurisdiction in those cases where it appears that its powers of