Schedule 15
Finance Bill
5:30 pm
‘Real estate investment trusts
42A (1) This paragraph applies where, apart from this paragraph, an amount (“the relevant amount”) is—
(a) a financing expense amount of a company by virtue of meeting condition A in paragraph 39, or
(b) a financing income amount of a company by virtue of meeting condition A in paragraph 40.
(2) The relevant amount is treated as not being a financing expense amount or a financing income amount of the company if the finance arrangement is one to which section 211 of CTA 2009 does not apply by virtue of section 120(3)(a) of FA 2006.’.—(Mr. Timms.)
Amendment 52, in schedule 15, page 168, line 18, after ‘A’, insert ‘or condition B’.
Amendment 53, in schedule 15, page 168, line 20, after ‘A’, insert ‘or condition B’.—(Mr. Hoban.)
Amendment 125, in schedule 15, page 170, line 3, at end insert—
‘(7) The Commissioners may by regulations make provision (including provision conferring a discretion on the Commissioners) about circumstances in which regulations under sub-paragraph (4) are not to apply in relation to the finance arrangements.’. —(Mr. Timms.)
Amendment 54, in schedule 15, page 170, line 19, leave out ‘from the finance arrangement’..
Amendment 55, in schedule 15, page 171, line 10, leave out ‘an investment company’ and insert ‘a company with investment business’.
Amendment 56, in schedule 15, page 171, line 11, leave out ‘4 of ICTA’ and insert ‘16 of CTA 2009’.—(Mr. Hoban.)
Amendment 128, in schedule 15, page 171, line 17, leave out ‘75 of ICTA (expenses of management: companies with investment business)’ and insert
‘1219 of CTA 2009 (expenses of management of a company’s investment business)’.
Amendment 129, in schedule 15, page 171, line 42, at end insert—