Profits fall within this category if, taking steps 1–5 and 7 as described at ¶768-770 reading references to ‘assumed total profits’ as references to ‘non-trading finance profits’, those profits would be included in the CFC's provisional Ch. 4 profits (TIOPA 2010, s. 371EB).

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.