This section applies to an SCE which transfers its registered office to the United Kingdom in accordance with Article 7 of Council Regulation (EC) No 1435/2003 on the Statute for a European Cooperative Society (SCE).

The SCE is UK resident for the purposes of the Corporation Tax Acts from the time of its registration in the United Kingdom.

Accordingly, even if a different place of residence is given by a rule of law, the SCE is not resident in that place for the purposes of the Corporation Tax Acts.

The SCE does not cease to be UK resident merely because it later transfers its registered office from the United Kingdom.