{
  "url": "https://openlegislation.uk/controlled-foreign-companies-excluded-countries-amendment-regulations-2005/regulation-5",
  "json_url": "https://openlegislation.uk/controlled-foreign-companies-excluded-countries-amendment-regulations-2005/regulation-5.json",
  "legislation": "uksi/2005/185",
  "legislation_title": "The Controlled Foreign Companies (Excluded Countries) (Amendment) Regulations 2005",
  "legislation_url": "https://openlegislation.uk/controlled-foreign-companies-excluded-countries-amendment-regulations-2005",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Amendment of regulation 7",
  "text": "(1) Amend regulation 7 (interpretation of regulations 5 and 6) as follows.\n(2) After paragraph (1) insert—\n“(1A) For the purposes of regulation 5(2B) a company (“C”) is capable of exercising control over another entity—\n(a) where C is entitled to a share of more than one half of the assets, or more than one half of the income of the entity; or\n(b) where, if the entity were a company and C were resident in the United Kingdom, C would be treated as having control of it for the purposes of Chapter 4 of Part 17 of the Taxes Act (tax avoidance: controlled foreign companies).”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/185/regulation/5",
    "retrieved_at": "2026-10-29T05:11:01.723553+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}