793 Further requirements about elections under section 792
Corporation Tax Act 2009 (2009 c 4) | Legislation

793  Further requirements about elections under section 792

(1)     An election under section 792 may be made only if subsection (2)[, (3), (3A) or (3B)] applies to B.

(2)     This subsection applies if at the relevant time B was UK resident.

(3)     This subsection applies if [subsection (2) does not apply and] at the relevant time—

(a)     B carried on a trade in the United Kingdom through a permanent establishment, and

(b)     B was not exempt

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