405 Certain non-UK residents with interest on 3½% War Loan 1952 or After
Corporation Tax Act 2009 (2009 c 4) | Legislation

405  Certain non-UK residents with interest on 3½% War Loan 1952 or After

(1)     This section applies if—

(a)     in any accounting period a non-UK resident company carries on a business in the United Kingdom—

(i)     consisting of banking or insurance, or

(ii)     consisting wholly or partly of dealing in securities, and

(b)     in calculating the profits of the business for the period any amount is disregarded as a result of section 1279 (exemption of profits from FOTRA securities) because of a condition subject to which any

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