[371VI Property business profits]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[371VI  Property business profits]

[(1)     Subject to what follows, in this Part “property business profits”, in relation to a CFC, means any profits included in the CFC's assumed total profits for the accounting period in question on the basis that they would be chargeable to corporation tax under Part 4 of CTA 2009 (property income).

(2)     Any credits or debits—

(a)     which are brought into account under Part 5 of CTA 2009 in determining the CFC's assumed total profits for the accounting

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