Related Commentary  Related HMRC Manuals

165(1)  Section 147(3) and (5) do not apply in calculating for any chargeable period the profits and losses of a potentially advantaged person if that person is a company which meets the condition in subsection (2).

165(2)  The condition is that–

(a)the company was dormant throughout the pre-qualifying period, and

(b)apart from section 147, the company has continued to be dormant at all times since the end of the pre-qualifying period.

165(3)  In subsection (2) “the pre-qualifying period” means–

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.