[133F “Excluded company”]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[133F  “Excluded company”]

[(1)     This section gives the meaning of “excluded company” for the purposes of section 133E.

(2)     A company is an “excluded company” at any time (in an accounting period) when the company is—

(a)     an insurance company or an insurance special purpose vehicle;

(b)     a company which is a member of a group and does not carry on any relevant regulated activities otherwise than on behalf of an insurance company or an insurance special purpose vehicle which is a member of the group;

(c)     a company which does not carry on any relevant regulated activities otherwise than as the manager of a pension scheme;

(d)     an investment trust;

(e)     a company which does not carry on any relevant regulated activities other than asset management activities;

(f)     an exempt commodities firm;

(g)     a company which does not carry on any relevant regulated activities otherwise than for the purpose of trading in commodities or commodity derivatives;

(h)     a company which does not carry on any relevant regulated activities otherwise than for the purpose of dealing in contracts for differences—

(i)     as principal with persons all or all but an insignificant proportion of whom are retail clients, or

(ii)

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