Related Commentary  Related HMRC Manuals

371IA(1)  This Chapter applies if–

(a)apart from this Chapter, Chapter 5 (non-trading finance profits) would apply for a CFC's accounting period,

(b)the CFC's non-trading finance profits include qualifying loan relationship profits, and

(c)the business premises condition set out in section 371DG is met.

371IA(2)  A chargeable company (“company C”) in relation to the accounting period may make a claim to an officer of Revenue and Customs for step 2 in section 371BB(1) (the CFC charge gateway) to be taken, in the case of company C only, subject to this Chapter.

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