CFM92405 - Debt cap: the available amount: introduction
This guidance applies to worldwide group periods of account ending before or straddling 1 April 2017.
How the available amount is used to calculate the total disallowed amount
TIOPA10/PT7/CH9 provides the definition of the 바카라 사이트˜available amount바카라 사이트™ for the purposes of Part 7.
Where a worldwide group passes through the 바카라 사이트˜gateway바카라 사이트™ for the purposes of TIOPA10/PT7 (see CFM90600), the main debt cap legislation will apply and it will be necessary for the worldwide group to calculate whether or not there should be a disallowance of deductions under the provisions of Chapter 3 of Part 7.
TIOPA10/S274 applies the provisions of Chapter 3 to groups where the 바카라 사이트˜tested expense amount바카라 사이트™ exceeds the 바카라 사이트˜available amount바카라 사이트™. The excess is termed 바카라 사이트˜the total disallowed amount바카라 사이트™ (see CFM91010+)and represents the amount by which the overall net financing deductions of the group in the UK exceeds the gross consolidated financial expenses of the worldwide group as a whole.
This chapter is concerned with how the available amount is calculated, including: