Worldwide Debt Cap

Question 1

Question

Answer 1

Answer

Question 2

Gateway Test

Answer 2

If the UK net debt

Question 3

If test failed

Answer 3

Compare net finance expense per UK company, providing:
holding =>75%; and
net figure is not negative (if income greater than expenses nil); and
net figure for the company is =>£500,000

If total is > consolidated gross finance expense, disallow excess and spread between companies as group decides. If a company has finance income > finance expense, the income can be reduced by the disallowance.