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Legislation
Finance Act 2019

Crossheading International matters

  • Section 15 Offshore receipts in respect of intangible property
  • Section 16 Avoidance involving profit fragmentation arrangements
  • Section 17 Non-UK resident companies carrying on UK property businesses etc
  • Section 18 Diverted profits tax
  • Section 19 Hybrid and other mismatches: scope of Chapter 8 and “financial instrument”
  • Section 20 Controlled foreign companies: finance company exemption and control
  • Section 21 Permanent establishments: preparatory or auxiliary activities
  • Section 22 Payment of CGT exit charges
  • Section 23 Corporation tax exit charges
  • Section 24 Group relief etc: meaning of “UK related” company
  1. International matters
  2. Non-UK resident companies carrying on UK property businesses etc

Section 17 | Non-UK resident companies carrying on UK property businesses etc

From legislation.gov.uk

Schedule 5 contains provision for non-UK resident companies to be chargeable to corporation tax on—

(a)profits of UK property businesses,

(b)profits consisting of other UK property income, and

(c)profits arising from certain loan relationships and derivative contracts.

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