INTM254280 - Controlled Foreign Companies: legislation - introduction and outline: ACT

Where a company has unrelieved surplus ACT as at 6 April 1999 it may set it against a Chapter IV liability which could not be covered by the reliefs referred to in the preceding paragraph. The amount of ACT which may be set off is limited to a ‘relevant maximum’. Further details are given at INTM256170 to INTM256200.