201 Application of CFC provisions to Hong Kong and Macao companies
Finance Act 2003 (2003 c 14) | Legislation

201  Application of CFC provisions to Hong Kong and Macao companies

(1)     In Part 2 (exempt activities) of Schedule 25 to the Taxes Act 1988 (cases where section 747(3) does not apply), in paragraph 5 insert after sub-paragraph (2)—

“(3)     In the case of a controlled foreign company—

(a)     which is, by

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