[371LC Anti-avoidance]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[371LC Գپ-Ǿ岹Գ

[(1)     The low profits exemption does not apply for a CFC's accounting period (“the relevant accounting period”) if condition A or B is met.

(2)     Condition A is that—

(a)     an arrangement is entered into at any time,

(b)     in consequence of the arrangement, the low profits exemption would (apart from this section) apply for the relevant accounting period, and

(c)     the main purpose, or one

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