SCHEDULES

SCHEDULE 13Profits of foreign permanent establishments etc

Part 1Amendments of CTA 2009

5

In section 775(4) (intangible fixed assets: cases where transfers within group provisions do not apply), omit the “or” at the end of paragraph (a) and insert at the end

, or

c

an election under section 18A has effect in relation to the transferor and the asset has at any time been held by the transferor wholly or partly for the purposes of a permanent establishment in a territory outside the United Kingdom through which the transferor carries on business.