[371BG Companies holding shares as trading assets etc]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[371BG  Companies holding shares as trading assets etc]

[(1)     Subsection (2) applies if conditions A to C are met in relation to a relevant interest, or a part of a relevant interest, which a chargeable company (“CC”) has in the CFC at all times during the CFC's accounting period.

(2)     Step 5 in section 371BC(1) is to be taken in relation to CC on the following basis.

(3)     That basis is—

(a)     so much of P% as is attributable to CC having the relevant

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