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(2) Section 130(2)(d)(iv) shall not apply to so much of any interest as—

(a) would but for section 130(2)(d)(iv) be deductible in computing the amount of a company’s income from a petroleum trade,

(4) In applying section 237 to any annual payment made by a person whose profits or gains for the purposes of income tax arise wholly or partly from petroleum activities—

(3) Notwithstanding section 243—

(6) In any case where for an accounting period of a company charges on income paid by the company are allowable under section 243—

(b) the amount of that excess is greater than the amount, if any, by which the total of the charges on income which, subject to subsection (3), are allowable to the company under section 243 exceeds the total of the company’s profits,

(b) under section 390 in respect of a payment to which subsection (4)(a)(i) applies,

(a) under section 396(7) in respect of a payment to which subsection (3)(a)(i) applies, or

then, for the purpose of enabling the company to surrender the excess referred to in paragraph (a) by means of group relief, section 420(6) shall apply as if—

(c) is interest payable to a company which is a resident of the United States of America or of a territory with the government of which arrangements having the force of law by virtue of section 826 826(1)(a) section 826(1) have been made,

and for the purposes of paragraph (c)“resident of the United States of America” has the meaning assigned to it by the Convention set out in Schedule 25, and a company shall be regarded as being a resident of a territory , other than the United States of America, if it is so regarded under arrangements made with the government of that territory and having the force of law by virtue of section 826 826(1)(a) section 826(1).