Section 5 | Income tax and companies

Section 3 of CTA 2009 disapplies the provisions of the Income Tax Acts relating to the charge to income tax in relation to income of a company (not accruing to it in a fiduciary or representative capacity) if—

(a)the company is UK resident, or

(b)the company is non-UK resident and it is chargeable to corporation tax in respect of the income, or would be so chargeable but for an exemption.