The following provisions1 apply for the purposes of the charge to corporation tax on income if a non-UK resident company2 carries on a trade in the United Kingdom through a permanent establishment in the United Kingdom3.
The company's chargeable profits are:
(1) trading income arising directly or indirectly through or from the establishment; and
(2) income from property or rights used by, or held by or for, the establishment4.
In addition, a charge to corporation tax on chargeable gains may arise on the disposal of assets situated in the United Kingdom that have a relevant connection to the company's UK permanent
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