Paragraph ¶764-160 explains how it is possible for a company to be resident in two different jurisdictions under the terms of the separate tax laws applicable to each of those jurisdictions. It also explained the tie-breaker test that is generally applied in these circumstances to determine the jurisdiction in which the company is deemed to be resident under UK law. In addition to these general provisions for dual-resident companies, there are a number of separate UK tax rules which apply to dual-resident investing companies. This paragraph gives a short summary of the rules for dual-resident investing companies and goes on to explain the historical background to the rules.

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.