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Legislation
Taxation (International and Other Provisions) Act 2010

Chapter 4 The CFC charge gateway: profits attributable to UK activities

  • Section 371DA Introduction to Chapter
  • Section 371DB The steps
  • Section 371DC Exclusion: UK activities a minority of total activities
  • Section 371DD Exclusion: economic value
  • Section 371DE Exclusion: independent companies' arrangements
  • Section 371DF Exclusion: trading profits (the basic rule)
  • Section 371DG Exclusion: trading profits (business premises condition)
  • Section 371DH Exclusion: trading profits (income condition)
  • Section 371DI Exclusion: trading profits (management expenditure condition)
  • Section 371DJ Exclusion: trading profits (IP condition)
  • Section 371DK Exclusion: trading profits (export of goods condition)
  • Section 371DL Exclusion: trading profits (anti-avoidance)
  1. Chapter 4 · The CFC charge gateway: profits attributable to UK activities
  2. Exclusion: trading profits (export of goods condition)

Section 371DK | Exclusion: trading profits (export of goods condition)

From legislation.gov.uk

(1)This section applies for the purposes of section 371DF(1)(e).

(2)The export of goods condition is met if no more than 20% of the CFC's trading income arises from goods exported from the United Kingdom, excluding goods exported from the United Kingdom to the territory in which the CFC is resident for the accounting period.

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