SCHEDULES

SCHEDULE 18A U.K. Group relief: overseas losses of non-resident companies

Part 2 U.K. Application of UK rules to non-resident company

Modifications etc. (not altering text)

C1 Sch. 18A Pt. 2 modified (28.10.2008 with effect in accordance with reg. 1(2) of the modifying S.I.) by The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2008 (S.I. 2008/2646), regs. 1(1), 2

Assumptions as to places in which activities carried out U.K.

13 (1) In the case of any trade carried on by the EEA company in the loss period wholly or partly in the EEA territory concerned, it is to be assumed that the trade is carried on wholly or partly in the United Kingdom.

(2) In the case of any estate, interest or rights in or over land in the EEA territory concerned which are held by the EEA company, it is to be assumed that the land is in the United Kingdom.

(3) For this purpose, the reference to domestic concepts of law in relation to the land in the EEA territory concerned is to be read so as to produce the result that most closely corresponds with that produced for [F1 the purpose of calculating the profits of a UK property business under Part 4 of CTA 2009] in relation to land in the United Kingdom.

Textual Amendments

F1 Words in Sch. 18A para. 13(3) substituted (1.4.2009 with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), Sch. 1 para. 281 (with Sch. 2 Pts. 1, 2)