INTM248100 - Controlled Foreign Companies: Definitions for terms in Part 9A: Alphabetic index of terms defined in Part 9A

INTM248150 Accounting periods
INTM248200 Accounting Profits
INTM248300 Cell Companies
INTM248350 Connected Persons
INTM248400 Non-Trading Finance Profits
INTM248450 Trading Finance Profits
INTM248500 Interests in Companies
INTM248550 Property Business Profits
INTM248600 Relevant Finance Leases

Alphabetic index of terms defined in Part 9A

바카라 사이트淎ccounting period바카라 사이트�, in relation to a CFC, is defined at INTM248150

바카라 사이트淎ccounting profits바카라 사이트�, in relation to a CFC, is defined at INTM248200

바카라 사이트淎rrangement바카라 사이트� is used in targeted anti-avoidance rules and includes:

  • any agreement, scheme, transaction or understanding (whether or not legally enforceable), and
  • a series of arrangements or a part of an arrangement.

The definition of 바카라 사이트渁rrangement바카라 사이트� is wide and will cover arrangements that arise from a legal agreement between parties through to arrangements that rely only on a verbal understanding. The second bullet point means that an 바카라 사이트渁rrangement바카라 사이트� includes a series of arrangements or transactions making it possible to consider the overall transactions or arrangements as a whole when considering what the purpose of the arrangement is or an 바카라 사이트渁rrangement바카라 사이트� can be a part of an arrangement that exists within a wider whole and the focus can be on that part of the overall arrangement when considering its purpose.

바카라 사이트淎ssumed taxable total profits바카라 사이트� and 바카라 사이트淎ssumed total profits바카라 사이트�, in relation to a CFC, are defined at INTM239200

바카라 사이트淏anking business바카라 사이트� means the business of:-

  • banking, deposit-taking, money-lending or debt factoring, or
  • any activity similar to an activity falling within the above bullet point.

A 바카라 사이트淐FC바카라 사이트� is a non-UK resident company which is controlled by a UK resident person or persons (but see INTM236100 for certain cases in which a non-UK resident company is to be taken to be a CFC even though it is not controlled by a UK resident person or persons).

바카라 사이트淭he CFC charge바카라 사이트� is defined at INTM194100

바카라 사이트淐hargeable company바카라 사이트� is defined at INTM194500

바카라 사이트淐hargeable profits바카라 사이트� is defined at INTM194200

바카라 사이트淐ompany바카라 사이트� is to be read subject to TIOPA10/S371VE (see INTM236500) which applies Part 9A to unincorporated cells of protected cell companies or incorporated cells of incorporated cell companies as if the individual cells were non-UK resident companies. Otherwise 바카라 사이트渃ompany바카라 사이트� takes its normal Corporation Taxes Act definition at .

바카라 사이트淐ompany tax return바카라 사이트� means a return required to be made under .

바카라 사이트淐ontract of insurance바카라 사이트� has the meaning given by ).

바카라 사이트淐ontrol바카라 사이트� is defined at INTM236000

바카라 사이트淭he corporation tax assumptions바카라 사이트� are defined at INTM239300

바카라 사이트淐reditable tax바카라 사이트� is defined at INTM230000

바카라 사이트淭he HMRC Commissioners바카라 사이트� means the Commissioners for Her Majesty바카라 사이트檚 Revenue and Customs.

바카라 사이트淚nsurance business바카라 사이트� means the business of effecting or carrying out of contracts of insurance, including the investment of premiums received.

바카라 사이트淚ntellectual property바카라 사이트� means:

  • any patent, trade mark, registered design, copyright or design right, or
  • any licence or other right in relation to anything falling within the above bullet point.

바카라 사이트淚nterest바카라 사이트�, as in interest in a company, is defined at INTM227000

바카라 사이트淭he local tax amount바카라 사이트�, in relation to a CFC, is defined at INTM226150

바카라 사이트淣on-trading finance profits바카라 사이트� are defined at INTM248400

바카라 사이트淣on-trading income바카라 사이트� means income which is not trading income (see trading income).

바카라 사이트淧roperty business profits바카라 사이트� are defined at INTM248550

바카라 사이트淩elevant finance lease바카라 사이트� is defined at INTM248600 and includes any part of such a lease.

바카라 사이트淩elevant interest바카라 사이트� is defined at INTM227000

바카라 사이트淭ax advantage바카라 사이트� has the meaning given by and includes at CTA10/1139(2)(da) the avoidance or reduction of a CFC charge or assessment to a charge.

바카라 사이트淭rading finance profits바카라 사이트� are defined at INTM248450

바카라 사이트淭rading income바카라 사이트�, in relation to a CFC, means income brought into account in determining the CFC바카라 사이트檚 trading profits for the accounting period in question.

바카라 사이트淭rading profits바카라 사이트�, in relation to a CFC, means any profits included in the CFC바카라 사이트檚 assumed total profits for the accounting period in question on the basis that they would be chargeable to corporation tax under .

바카라 사이트淯K connected capital contribution바카라 사이트�, in relation to a CFC, means any capital contribution to the CFC made (directly or indirectly) by a UK resident company connected with the CFC (whether in relation to an issue of shares in the CFC or otherwise).

바카라 사이트淯K permanent establishment바카라 사이트�, in relation to a non-UK resident company, means a permanent establishment which the company has in the United Kingdom and through which it carries on a trade in the United Kingdom.

  1. INTM248150
    Controlled Foreign Companies: Definitions for terms in Part 9A: Alphabetic index of terms defined in Part 9A: Accounting Periods
  2. INTM248200
    Controlled Foreign Companies: Definitions for terms in Part 9A: Alphabetic index of terms defined in Part 9A: Accounting profits
  3. INTM248300
    Controlled Foreign Companies: Definitions for terms in Part 9A: Alphabetic index of terms defined in Part 9A: Cell companies
  4. INTM248350
    Controlled Foreign Companies: Definitions for terms in Part 9A: Alphabetic index of terms defined in Part 9A: Connected persons
  5. INTM248400
    Controlled Foreign Companies: Definitions for terms in Part 9A: Alphabetic index of terms defined in Part 9A: Non-trading finance profits
  6. INTM248450
    Controlled Foreign Companies: Definitions for terms in Part 9A: Alphabetic index of terms defined in Part 9A: Trading finance profits
  7. INTM248500
    Controlled Foreign Companies: Definitions for terms in Part 9A: Alphabetic index of terms defined in Part 9A: Interests in companies
  8. INTM248550
    Controlled Foreign Companies: Definitions for terms in Part 9A: Alphabetic index of terms defined in Part 9A: Property business profits
  9. INTM248600
    Controlled Foreign Companies: Definitions for terms in Part 9A: Alphabetic index of terms defined in Part 9A: Relevant finance lease