[371VD Adjustments to accounting profits]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[371VD  Adjustments to accounting profits]

[(1)     This section applies for the purpose of determining a CFC's accounting profits for an accounting period.

(2)     The following are to be ignored in determining the profits—

(a)     any dividend or other distribution which is not brought into account in determining the CFC's assumed total profits for the accounting period on the basis that it would be exempt for the purposes of Part 9A of CTA 2009 (company distributions),

(b)     any property business

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