Part 2Charge to corporation tax: basic provisions
Chapter 1The charge to corporation tax
Charge to tax on profits
3Exclusion of charge to income tax
C11
The provisions of the Income Tax Acts relating to the charge to income tax do not apply to income of a company if—
a
the company is UK resident, or
2
Subsection (1) does not apply to income accruing to a company in a fiduciary or representative capacity.