[371DC Exclusion: UK activities a minority of total activities]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[371DC  Exclusion: UK activities a minority of total activities]

[(1)     For the purposes of step 6 in section 371DB(1), this section applies to an asset or risk included in the relevant assets and risks if amount A is no more than 50% of amount B.

(2)     Amount A is the total of—

(a)     the gross amounts (that is, the amounts before deduction of expenses or transfers to or from reserves) of the CFC's income which would

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