[259IA Circumstances in which the Chapter applies]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[Application of Chapter]

[259IA  Circumstances in which the Chapter applies]

[(1)     This Chapter applies if conditions A to C are met.

(2)     Condition A is that there is an amount or part of an amount that, disregarding the provisions mentioned in subsection (3), it is reasonable to suppose—

(a)     could be deducted from the income of a hybrid entity for the purposes of calculating the taxable profits of that entity for a taxable period (“the hybrid entity deduction period”), and

(b)     could also be deducted, under the law of the investor jurisdiction, from the

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