Finance Act 2011 (c. 11)

SCHEDULES

SCHEDULE 12 U.K. Controlled foreign companies

Part 5 U.K. Minor and consequential amendments

10 U.K. In the following provisions of ICTA, for “or 751AA” substitute “ , 751AA, 751AB or 751AC ”

(a) section 747(3A) and (5A) (imputation of chargeable profits and creditable tax of controlled foreign companies),

(b) section 749(10) (residence),

(c) section 749A(9) (elections and designations under section 749: supplementary provisions), and

(d) section 750(3)(ab) (territories with a lower level of taxation).