F1PART 9AControlled foreign companies
Annotations:
Amendments (Textual)
Chapter 15Relevant interests in a CFC
What is a “relevant interest” in a CFC?
371OC“Relevant interests” of UK resident companies
1
A UK resident company's interest in a CFC is a “relevant interest”, except so far as subsection (2) applies to it.
2
This subsection applies to the interest so far as it is an indirect interest which the UK resident company has by virtue of having an interest in another UK resident company.
Pt. 9A inserted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 20 para. 1 (with ss. 56-58)