Section 440 | Loans etc made by qualifying infrastructure companies to be ignored

(1)This section applies where—

(a)a company is a qualifying infrastructure company throughout an accounting period, and

(b)the company would (but for this section) have had tax-interest income amounts in the accounting period.

(2)For the purposes of this Part, the company is treated as if it did not have any tax-interest income amounts in the accounting period.