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Legislation
Finance Act 2009

Crossheading Foreign profits etc

  • Section 34 Corporation tax treatment of company distributions received
  • Section 35 Tax treatment of financing costs and income
  • Section 36 Controlled foreign companies
  • Section 37 International movement of capital
  • Section 38 Corporation tax: foreign currency accounting
  • Section 39 Certain distributions of offshore funds taxed as interest
  • Section 40 Income tax credits for foreign distributions
  1. Foreign profits etc
  2. International movement of capital

Section 37 | International movement of capital

From legislation.gov.uk

Schedule 17 contains provision—

(a)removing the existing requirements in relation to the international movement of capital in sections 765 to 767 of ICTA, and

(b)imposing new reporting requirements on certain bodies corporate in relation to the international movement of capital.

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