CTA 2010
This section has no associated Explanatory Notes
39(1)Section 938M (group mismatch schemes: controlled foreign companies) is amended as follows.
(2)In subsection (1) for the words from the beginning to “company” substitute “Section 371SL(1) of TIOPA 2010 (assumption that a CFC”.
(3)In subsection (2)—
(a)for “chargeable profits” substitute “assumed taxable total profits”, and
(b)for “Chapter 4 of Part 17 of ICTA” substitute “Part 9A of TIOPA 2010”.