19Chargeable profitsU.K.
(1)This section applies if a non-UK resident company carries on a trade in the United Kingdom through a permanent establishment in the United Kingdom.
(2)The company's chargeable profits are its profits that are—
(a)of a type mentioned in subsection (3), and
(b)attributable to the permanent establishment in accordance with sections 20 to 32.
(3)The types of profits referred to in subsection (2)(a) are—
(a)trading income arising directly or indirectly through or from the establishment,
(b)income from property or rights used by, or held by or for, the establishment, and
(c)chargeable gains falling within section 10B of TCGA 1992 (non-resident company with United Kingdom permanent establishment)—
(i)as a result of assets being used in or for the purposes of the trade carried on by the company through the establishment, or
(ii)as a result of assets being used or held for the purposes of the establishment or being acquired for use by or for the purposes of the establishment.