PART XVII TAX AVOIDANCE

F36CHAPTER IV CONTROLLED FOREIGN COMPANIES

Annotations:
Amendments (Textual)
F36

Pt. 17 Ch. 4 (ss. 747-756) omitted (with effect in accordance with Sch. 20 paras. 49, 50 of the repealing Act) by virtue of Finance Act 2012 (c. 14), Sch. 20 para. 14

747 Imputation of chargeable profits and creditable tax of controlled foreign companies

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

747AF37 Special rule for computing chargeable profits.

F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

748F3Cases where section 747(3) does not apply.

F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

748ZAF38Exclusion of small profits exemptions

F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

748AF39Territorial exclusions from exemption under section 748

F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

749F7 Residence.

F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

749AF40 Elections and designations under section 749: supplementary provisions.

F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

749B Interests in companies.

F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

750 Territories with a lower level of taxation.

F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

750AF41 Deemed lower level of taxation: designer rate tax provisions.

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

751 Accounting periods and creditable tax

F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

751AF42Reduction in chargeable profits for certain activities of EEA business establishments

F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

751AAF43Reduction in chargeable profits for certain financing income

F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

751ABF44Reduction in chargeable profits: failure to qualify for exemptions

F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

751ACF45Reduction in chargeable profits following an exempt period

F17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

751BF18Sections 751A F19to 751AC: supplementary

F20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

752F21 Apportionment of chargeable profits and creditable tax

F22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

752AF46 Relevant interests.

F23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

752B Section 752(3): the percentage of shares which a relevant interest represents.

F24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

752C Interpretation of apportionment provisions.

F25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

753 Notices and appeals.

F26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

754 Assessment, recovery and postponement of tax.

F27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

754AF47 Returns where it is not established whether acceptable distribution policy applies.

F28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

754BF48 Determinations requiring the sanction of the Board.

F29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

755 Information relating to controlled foreign companies

F30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

755AF49 Treatment of chargeable profits and creditable tax apportioned to company carrying on life assurance business.

F31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

755BF50 Amendment of return where general insurance business of foreign company accounted for on non-annual basis.

F32. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

755CF51 Application of Chapter where general insurance business of foreign company accounted for on non-annual basis.

F33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

755DF52“Control" and the two “40 per cent" tests.

F34. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

756 Interpretation and construction of Chapter IV.

F35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .