# The Controlled Foreign Companies (Excluded Countries) Regulations 1998, Regulation 3: Limitation on apportionment of chargeable profits of a controlled foreign company—specified territories


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.

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Source: https://www.legislation.gov.uk/uksi/1998/3081/regulation/3 (the official version)
Page: https://openlegislation.uk/controlled-foreign-companies-excluded-countries-regulations-1998/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.