SCHEDULES
SCHEDULE 25F1Cases where section 747(3) does not apply
Annotations:
Amendments (Textual)
F2Part 2BCompanies Exploiting Intellectual Property with Limited UK Connection
Annotations:
Amendments (Textual)
F2
Sch. 25 Pts. 2A, 2B (paras. 12B-12N) inserted (with effect in accordance with Sch. 12 para. 14(2) of the amending Act) by Finance Act 2011 (c. 11), Sch. 12 para. 3
Introductory
12H
1
For the purposes of section 748(1)(bb), a company (“C”) is exempt for an accounting period if the requirements of this Part of this Schedule are satisfied.
2
The requirements are those imposed as to C's—
a
business establishment (see paragraph 12I),
b
intellectual property business (see paragraph 12J),
c
other business activities (see paragraph 12K),
d
UK connection (see paragraph 12L), and
e
finance income (see paragraph 12M).
Sch. 25 heading substituted (with effect in accordance with Sch. 17 para. 37 of the amending Act) by Finance Act 1998 (c. 36), Sch. 17 para. 25; S.I. 1998/3173, art. 2