SCHEDULES

SCHEDULE 2U.K.Qualifying asset holding companies

PART 11U.K.Exemption from section 874 of ITA 2007 (withholding tax)

55U.K.In Part 15 of ITA 2007 (deduction of income tax at source), after section 888D insert—

“888DAPayments of interest by a QAHC

The duty to deduct a sum representing income tax under section 874 does not apply to a payment of interest (however the interest arises) by a QAHC (within the meaning of Schedule 2 to FA 2022).”