[371IA The basic rule]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[Chapter 9
Exemptions for Profits from Qualifying Loan Relationships]

[371IA  The basic rule]

[(1)     This Chapter applies if—

(a)     apart from this Chapter, Chapter 5 (non-trading finance profits) would apply for a CFC's accounting period,

(b)     the CFC's non-trading finance profits include qualifying loan relationship profits, and

(c)     the business premises condition set out in section 371DG is met.

(2)     A chargeable company (“company C”) in relation to the accounting period may make a claim to an officer of Revenue and Customs for step 2 in section 371BB(1) (the CFC charge

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