SECTION 5. DETERMINATION OF
Internal Revenue Bulletin 2005-32 · 2026-10-03 edition · updated 2026-10-04 · United States
EXCESS INTEREST OF BANKS UNDER THE ADJUSTED U.S.-BOOK LIABILITY METHOD
Under the Adjusted U.S. Booked Liabilities (“AUSBL”) method taxpayers may be required under certain facts and circumstances to calculate a portion of their interest expense allocation by reference to the average U.S. dollar borrowing rate incurred outside the United States. Section 1.882–5(d)(5) provides that where the
4 Technical Explanation of the United States-United Kingdom Income Tax Treaty, Art. 7, para. 3, CCH, p. 201,301; United States-Japan Income Tax Treaty, Art. 7, para. 3, CCH, p. 113,320.
5 §1.882–5(b)(2)(i)(B), T.D. 7749, 1981–1 C.B. 390, 394.
August 8, 2005 264 2005–32 I.R.B.
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