Finance Act 2009 (c. 10)

SCHEDULES

SCHEDULE 16 U.K. Controlled foreign companies

Part 1 U.K. Abolition of acceptable distribution policy exemption

Consequential amendments U.K.

4 U.K. In section 870 of CTA 2009 (assumptions for calculating chargeable profits of CFCs in connection with intangible fixed assets), omit—

(a) paragraph (b) of subsection (3) (and the “or” before it), and

(b) subsection (7).