# Finance Act 2025, Paragraph 31: Existing deferred tax assets and liabilities arising under blended CFC regimes

Extent: E+W+S+N.I.

In section 185 (inclusion of existing deferred tax assets and liabilities on entry into regime), after subsection (7) insert—
“(8) Subsection (9) applies to a deferred tax asset or deferred tax liability of a member of a qualifying multinational group that arises under a blended CFC regime.
(9) A deferred tax asset or deferred tax liability to which this subsection applies is to be ignored in determining the member’s deferred tax expense.”

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Source: https://www.legislation.gov.uk/ukpga/2025/8/schedule/4/paragraph/31 (the official version)
Page: https://openlegislation.uk/finance-act-2025/schedule-4/paragraph-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.