CG42302 | Migration of companies: company residence: 15/3/88-29/11/93

FA88/S66

With effect from 15 March 1988 the test of company residence was simplified for companies incorporated in the UK. For the period from 15 March 1988 to 29 November 1993, apart from companies exempted from the incorporation rule by FA88/SCH7, a company incorporated in the UK was resident here for the purposes of the Taxes Acts by reason of FA88/S66. The `central management and control’ test, see CG42301, continued to apply for other companies.