Regulation 3 CFC control test
The CFC rules apply to the insurance company by reference to its interest in the principal CFC or any associated CFC only if the insurance company controls the principal CFC by virtue of section 371RE of TIOPA 2010 (control determined by reference to accounting standards)f1.
Annotations
Footnotes
- f1
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Part 9A of the Taxation (International and Other Provisions) Act 2010 (c. 8) which contains sections 371AA to 371VJ was inserted by paragraph 1 of Schedule 20 to the Finance Act 2012.