Sch 11 para 6
(1) Section 413 (adjusted net group-interest expense) is amended as follows. (2) In subsection (3)— (a) in paragraph (a), for “an asset or liability” substitute “ a non-financial asset or non-financial liability ” , and (b) in paragraph (b), after “an amount that” insert “ , in the case of a non-financial asset, ” . (3) In subsection (4)— (a) in paragraph (a), for “an asset or liability” substitute “ a non-financial asset or non-financial liability ” , and (b) in paragraph (b), after “an amount that” insert “ , in the case of a non-financial asset, ” . (4) For subsection (5) substitute— (5) For the purposes of subsections (3)(a) and (b) and (4)(a) and (b)— (a) an asset is a “non-financial asset” if it is not a financial asset for accounting purposes or it is a share in a company, (b) a liability is a “non-financial liability” if it is not a financial liability for accounting purposes or it is in respect of a share issued by a company, and (c) references to amounts brought into account in determining the carrying value of a non-financial asset or non-financial liability do not include amounts so brought into account as a result of writing off any part of an amount which was itself so brought into account; and in paragraphs (a) and (b) “ share ” has the meaning given by section 476(1) of CTA 2009.