INTM224100 - Controlled Foreign Companies: Entity Exemptions: Chapter 10 - »Ê¹ÚÌåÓýapp Exempt Period Exemption: contents

»Ê¹ÚÌåÓýapp Exemption Period Exemption provides an entity-level exemption for CFCs that have come under UK control for the first time. »Ê¹ÚÌåÓýapp period of exemption is temporary, usually 12 months.

A chargeable company has to list any CFCs relying on this exemption on its corporation tax return

  1. INTM224150
    Introduction
  2. INTM224175
    »Ê¹ÚÌåÓýapp basic rule
  3. INTM224200
    When does an exempt period begin?
  4. INTM224250
    How long is an exempt period?
  5. INTM224260
    Subsequent period condition
  6. INTM224270
    Chargeable company condition
  7. INTM224300
    Adjustment of profits passing through the CFC charge gateway
  8. INTM224325
    Extension to the exempt period granted
  9. INTM224350
    Anti-Avoidance
  10. INTM224400
    Amendment of company tax returns
  11. INTM224450
    Transitional provision - Interaction with Temporary Period Exemption