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Finance Act 2012

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Changes over time for: Cross Heading: CTA 2010

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Point in time view as at 16/11/2017.

Changes to legislation:

There are currently no known outstanding effects for the Finance Act 2012, Cross Heading: CTA 2010. Help about Changes to Legislation

CTA 2010U.K.

37U.K.CTA 2010 is amended as follows.

F138U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1Sch. 20 para. 38 omitted (with effect in accordance with s. 36(3)-(5) of the amending Act) by virtue of Finance (No. 2) Act 2015 (c. 33), s. 36(2)(b)

39(1)Section 938M (group mismatch schemes: controlled foreign companies) is amended as follows.U.K.

(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 ”.

40U.K.In section 1139 (definition of “tax advantage”) in subsection (2) —

(a)omit the “or” after paragraph (d), and

(b)after paragraph (d) insert—

(da)the avoidance or reduction of a charge or assessment to a charge under Part 9A of TIOPA 2010 (controlled foreign companies), or.

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