197 Qualifying conditions for purposes of section 198
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

197  Qualifying conditions for purposes of section 198

(1)     Conditions A to F are the qualifying conditions for the purposes of section 198.

(2)     Condition A is that one of the affected persons (“the issuing company”) is a company that has liabilities under a security issued by it.

(3)     Condition B is that those liabilities are to any extent the subject of a guarantee provided by a company (“the guarantor company”).

(4)     Condition C is that, in calculating the profits and losses of the issuing

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