INTM225500 - Controlled Foreign Companies: Entity Exemptions: Chapter 12 - »Ê¹ÚÌåÓýapp Low Profits Exemption: contents
»Ê¹ÚÌåÓýapp low profits exemption provides an entity-level exemption for CFCs with low levels of profits in an accounting period. A chargeable company has to list any CFCs relying on this exemption on its corporation tax return.