Assertion: hybrid debt instrument | /r/AtLocation | particular year of assessment
Facets:
Source sentences:
text: In this regard, it has now been clarified (with effect from 1 January 2016 and applicable in respect of years of assessment commencing on or after that date) that a hybrid debt instrument will exist in a particular year of assessment where the obligation to pay an amount owing in respect of an instrument on a date or dates falling within that year of assessment has been deferred by reason of that obligation being conditional upon the market value of the assets of that company not being less than the amount of the liabilities of that company.
text: In this regard, it has now been clarified (with effect from 1 January 2016 and applicable in respect of years of assessment commencing on or after that date) that a hybrid debt instrument will exist in a particular year of assessment where the obligation to pay an amount owing in respect of an instrument on a date or dates falling within that year of assessment has been deferred by reason of that obligation being conditional upon the market value of the assets of that company not being less than the amount of the liabilities of that company.