INTM201130 - Controlled Foreign Companies: legislation - introduction and outline

ACT

Where a company has unrelieved surplus ACT as at 6 April 1999 it may set it against a Chapter IV liability which could not be covered by the reliefs referred to in the preceding paragraph. The amount of ACT which may be set off is limited to a 'relevant maximum'. Further details are given at INTM211070 to INTM211100.