[371KJ The IP condition]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[371KJ  The IP condition]

[(1)     This section applies for the purposes of section 371KB(1)(c).

(2)     The IP condition is met unless—

(a)     the CFC's assumed total profits for the accounting period include amounts arising from intellectual property held by the CFC (“the exploited IP”),

(b)     all or parts of the exploited IP were—

(i)     transferred (directly or indirectly) to the CFC by persons related to the CFC at times during the relevant period, or

(ii)     otherwise derived (directly or indirectly) at times

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