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

[371JB  The basic rule]

[(1)     The exempt period exemption applies for a CFC's accounting period if—

(a)     the accounting period ends during an exempt period of the CFC (see sections 371JC and 371JD),

(b)     the subsequent period condition is met, and

(c)     the chargeable company condition is met.

(2)     The subsequent period condition is met if—

(a)

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