An Updated Primer on the Excessive Interest and Financing Expenses Limitation.

The authors' objective with this paper is to introduce the excessive interest and financing expenses limitation to readers who may not be fully familiar with these rules. In this paper, the authors provide context for the introduction of the rules and then discuss the scope of the rules, the computation of the interest and financing expenses limitation, the carryforward of restricted interest and financing expenses, the treatment of excess capacity, and the additional relief that may be available under the group ratio rules. [ABSTRACT FROM AUTHOR]