[371AA Overview of Part]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[Part 9A Controlled Foreign Companies]

[Chapter 1
Overview]

[371AA  Overview of Part]

[(1)     A charge (“the CFC charge”) is charged under this Part on UK resident companies which have certain interests in CFCs.

(2)     The CFC charge is charged by reference to the chargeable profits of CFCs.

(3)     A “CFC” is a non-UK resident company which is controlled by a UK resident person or persons (but see subsection (6)).

(4)     Chapter 2 sets out the basic details of the CFC charge, including—

(a)     the CFC charge gateway (through which profits of a CFC must pass in order to be chargeable profits), and

(b)     the steps to be taken for charging the CFC charge.

(5)     Chapter

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