# Taxation (International and Other Provisions) Act 2010, Section 371QD: Apportionments to be made in proportion to shareholding


(1) If conditions X to Z in section 371QC are met, apply subsections (2) and (3) to each relevant person.
(2) Determine the percentage (“P%”) of the issued ordinary shares in the CFC represented by the relevant person's relevant interest.
(3) P% of the CFC's chargeable profits and P% of the CFC's creditable tax is then apportioned to the relevant person.
(4) This section is supplemented by sections 371QE and 371QF.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/section/371QD (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-371QD
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.