350. Non-resident companies.

A company not resident1 in the United Kingdom is within the charge to corporation tax on income if:

  1.  

    (1)     it carries on a trade of dealing in or developing land in the United Kingdom ('UK land');

  2.  

    (2)     it carries on a trade in the United Kingdom (other than a trade of dealing in or developing UK land) through a permanent establishment2 in the United Kingdom3.

  3.  

    (3)     (as from 6 April 2020) it carries on a UK property business; or

  4.  

    (4)     (as from 6 April 2020) it has other UK property income4.

Where a company has entered into an arrangement the