[371KE Category A income: the basic rule]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[371KE  Category A income: the basic rule]

[(1)     A CFC's category A income for an accounting period consists of any gross amounts (that is, amounts before deduction of expenses or transfers to or from reserves) of any relevant income to which subsection (3), (4) or (5) applies.

This is subject to section 371KF.

(2)     “Relevant income” means any income of the CFC which—

(a)     is brought into account in determining

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