[371DD Exclusion: economic value]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[371DD  Exclusion: economic value]

[(1)     Subsection (2) applies if—

(a)     an asset or risk is included in the relevant assets and risks,

(b)     the SPFs which are relevant to the economic ownership of the asset, or the assumption and management of the risk, are wholly or partly UK SPFs as determined at step 4 in section 371DB(1), and

(c)     as a result of that determination, an amount is included in the provisional Chapter 4 profits.

(2)     The amount is to be excluded

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