Related Commentary  Related HMRC Manuals

18I(1)  The exemptions referred to in section 18G(1)(c) are the exemptions set out in Chapters 11 to 14 of Part 9A of TIOPA 2010 (controlled foreign companies: exemptions from the CFC charge).

18I(2)  In applying those Chapters for the purposes of section 18G(1)(c)

(a)references to section 371BA(2)(b) of TIOPA 2010 are to be read as references to section 18G(1)(c),

(b)the assumptions set out in subsection (3) are to be made, and

(c)section 371VF(3) of TIOPA 2010 (definition of “related” person) is to be read with the omission of paragraphs (b) and (c).

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