[371CE Does Chapter 6 apply?]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[371CE  Does Chapter 6 apply?]

[(1)     Subject to what follows, Chapter 6 (trading finance profits) applies for a CFC's accounting period if (and only if)—

(a)     the CFC has trading finance profits, and

(b)     at any time during the accounting period, the CFC has funds or other assets which derive (directly or indirectly) from UK connected capital contributions.

(2)     The CFC's trading finance profits are to be treated for the purposes of this Part as if they were non-trading finance profits (and, accordingly, Chapter 6 cannot apply for the

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