[371BE Companies which are managers of offshore funds etc]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[371BE  Companies which are managers of offshore funds etc]

[(1)     A company (“C”) is not a chargeable company for the purposes of step 4 in section 371BC(1) if—

(a)     the CFC is an offshore fund (as defined in section 355),

(b)     the genuine diversity of ownership condition set out in regulation 75 of the Offshore Funds (Tax) Regulations 2009 (SI 2009/3001)

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