[371DH Exclusion: trading profits (income condition)]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[371DH  Exclusion: trading profits (income condition)]

[(1)     This section applies for the purposes of section 371DF(1)(b).

(2)     The income condition is met if no more than 20% of the CFC's relevant trading income derives (directly or indirectly) from—

(a)     UK resident persons, or

(b)     UK permanent establishments of non-UK resident companies.

(3)     For the purposes of subsection (2) the CFC's “relevant trading income” is

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