SCHEDULES
SCHEDULE 12Controlled foreign companies
Part 5Minor and consequential amendments
10
In the following provisions of ICTA, for “or 751AA” substitute “
, 751AA, 751AB or 751AC
”
(a)
section 747(3A) and (5A) (imputation of chargeable profits and creditable tax of controlled foreign companies),
(b)
section 749(10) (residence),
(c)
section 749A(9) (elections and designations under section 749: supplementary provisions), and
(d)
section 750(3)(ab) (territories with a lower level of taxation).