Commentary

D4.401 Outline of the CFC legislation

Corporate tax
Corporate tax | Commentary

D4.401 Outline of the CFC legislation

Corporate tax | Commentary

Division D4.4     Controlled foreign companies (CFCs)

For updates affecting this Division please see Part D0 Updates

Controlled foreign companies (CFCs): Overview

D4.401 Outline of the CFC legislation

The Controlled Foreign companies (CFCs) regime 1 applies to accounting periods of CFCs commencing on or after 1 January 20132.

For a brief summary of the rules prior to 1 January 2013 ,see D4.401A.

In outline, the post 2013 regime imposes a CFC charge on chargeable profits (D4.420–D4.421), provided none of the statutory exemptions (D4.410–D4.415) apply to completely exempt the CFC charge. To determine which profits are potentially liable they have to pass through a

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