OpenLegislation

Regulation 3 Limitation on apportionment of chargeable profits of a controlled foreign company—specified territories

Original text. Later amendments are not shown.

The territory in which a controlled foreign company is required to be resident as respects an accounting period for the purposes of section 748(1)(e) is–

(a)

as respects an accounting period beginning before 9th July 1998, any territory specified in Part I or in Part II of Schedule 1;

(b)

as respects an accounting period beginning on or after that date, any territory specified in Part I or in Part II of Schedule 2.