INTM254450 - Controlled Foreign Companies: exemptions - excluded countries: Contents

This guidance applies for accounting period before 1 January 2013 and refers to the legislation at Chapter IV Part XVII of the Income and Corporation Taxes Acts 1988, under the old Controlled Foreign Companies (CFC) rules.

The current rules for CFCs are contained in Part 9A, Taxation (International and Other Provisions) Act 2010. This legislation is effective for accounting periods of CFCs beginning on or after 1 January 2013. The new guidance can be found at INTM190000 onwards.

1. INTM254460

   The excluded countries' exemption
2. INTM254470

   Purpose of the list
3. INTM254480

   Terms of list (schedule)
4. INTM254490

   Meaning of 'resident'
5. INTM254500

   Income and gains requirement
6. INTM254510

   Commercially quantified income
7. INTM254520

   Non-local source income
8. INTM254530

   Meaning of 'gross amount' and 'income' and 'gains'
9. INTM254540

   Permanent establishment income
10. INTM254550

    Permanent establishment income treated as loacl source
11. INTM254560

    Inclusion of non-local source income in permanent establishment income
12. INTM254570

    Banks and insurance companies
13. INTM254580

    List of excluded countries
14. INTM254590

    Application of non-local source income rules to permanent establishment income