[F1371QDApportionments to be made in proportion to shareholdingU.K.
This section has no associated Explanatory Notes
(1)If conditions X to Z in section 371QC are met, apply subsections (2) and (3) to each relevant person.
(2)Determine the percentage (“P%”) of the issued ordinary shares in the CFC represented by the relevant person's relevant interest.
(3)P% of the CFC's chargeable profits and P% of the CFC's creditable tax is then apportioned to the relevant person.
(4)This section is supplemented by sections 371QE and 371QF.]
Textual Amendments
F1Pt. 9A inserted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 20 para. 1 (with ss. 56-58)