http://www.legislation.gov.uk/id/ukpga/2009/10

SCHEDULES

SCHEDULE 16Controlled foreign companies

Part 1Abolition of acceptable distribution policy exemption

Consequential amendments

3

In paragraph 116 of Schedule 29 to FA 2002 (assumptions for calculating chargeable profits of CFCs in connection with intangible fixed assets), omit paragraph (b) of sub-paragraph (2) (and the “or” before it).