CTM21520 - ACT: FID: international headquarters companies (IHC): whether company is an IHC

ICTA88/S246S (9)

Where a company paid an FID, it could treat itself as an IHC if:

• at the time the dividend was paid the company was of the opinion it was likely to be an IHC in the accounting period in which the dividend was paid, and
• where the dividend was paid other than in the company’s first accounting period, it was an IHC in the immediately preceding accounting period (but see CTM21510, second condition).