Finance Act 2006

Introduction

3 (1) A reference in this Schedule to a UK resident company is a reference to a company which—

(a) is resident in the United Kingdom, and

(b) is not resident in another place in accordance with the law of that place relating to taxation.

(2) A reference in this Schedule to UK profits of a group is a reference to—

(a) amounts shown in the financial statements of G (property rental business) as profits of UK resident members of the group, and

(b) amounts shown in the financial statements of G (property rental business) as profits of business in the United Kingdom of other members.

(3) A reference to UK business of a group is a reference to—

(a) the business of UK resident members of the group, and

(b) business in the United Kingdom of other members.