History

Pt. 3A inserted by FA 2011, s. 47 and Sch. 12, para. 8, with effect in relation to accounting periods of controlled foreign companies beginning on or after 1 January 2011.


INTRODUCTORY

15A  The provisions of this Part of this Schedule have effect for the purposes of section 748(1)(f).

History

Para. 15A inserted by FA 2011, s. 47 and Sch. 12, para. 8, with effect in relation to accounting periods of controlled foreign companies beginning on or after 1 January 2011.


BEGINNING OF EXEMPT PERIOD

15B(1)  An exempt period begins in relation to a company (“X”) at a time (“the relevant time”) when–

(a)X is resident outside the United Kingdom,

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