Related Commentary  Related HMRC Manuals

371CB(1)  Subject to sections 371CC and 371CD, Chapter 5 (non-trading finance profits) applies for a CFC's accounting period if (and only if) the CFC has non-trading finance profits.

371CB(2)  In this section and Chapter 5 references to the CFC's non-trading finance profits are to those profits excluding any profits falling within subsection (3) or (4) or Chapter 8 (solo consolidation).

371CB(3)  Profits fall within this subsection so far as they arise from the investment of funds held by the CFC for the purposes of a trade–

(a)which is carried on by the CFC, and

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