PART XVII TAX AVOIDANCE
F36CHAPTER IV CONTROLLED FOREIGN COMPANIES
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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