Corporation Tax Act, 1976
|
Limitations on deductions in respect of interest. |
169.—Where, apart from this section, a company would be entitled to deductions in respect of— | |
(a) interest under the provisions of paragraph 1 (2) of Part III of Schedule 6 to the Income Tax Act, 1967 (provisions for giving effect to agreements for avoidance of double taxation in the case of the United Kingdom), and | ||
(b) charges on income which are payments of interest to which the provisions of section 10 (6) apply, | ||
the aggregate amount of the deductions which may be made under those provisions shall not exceed the amount specified in section 10 (6). |