Related Commentary  Related HMRC Manuals

371EC(1)  Non-trading finance profits fall within this section so far as they arise from relevant UK funds or other assets.

371EC(2)  Subsection (3) applies in relation to any profits which (apart from subsection (3)) would fall within this section if–

(a)an amount of expenditure incurred by the CFC in managing the relevant UK funds or other assets itself was brought into account in calculating the profits, and

(b)it is reasonable to suppose that the amount of expenditure is less than the fee which a company not connected with the CFC would charge the CFC for carrying out the same management activities.

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