INTM230000 - Controlled Foreign Companies: Creditable Tax of a CFC: contents

Where the charging provisions at TIOPA10/ S371BC apply to a CFC, Step 2 of TIOPA10/S371BC(1) states that, in establishing the CFC charge, it is necessary to determine the CFC’s creditable tax for the accounting period in accordance with Chapter 16. »Ê¹ÚÌåÓýapp amount of creditable tax calculated under Chapter 16 is then apportioned among the relevant persons (in accordance with Chapter 17) for the purposes of step 3 of TIOPA10/S371BC(1).

  1. INTM230100
    Introduction
  2. INTM230200
    Example
  3. INTM230300
      Other Matters