INTM205000 - Controlled Foreign Companies: exemptions - Exempt Activities Test ('EAT')

Contents

INTM205010The Exempt Activities Exemption
INTM205020Territory of residence
INTM205030Business establishment
INTM205040Effectively managed in territory of residence
INTM205050Further conditions
INTM205060Main business
INTM205070Investment business
INTM205080Dealing in goods
INTM205090Wholesale, distributive,  financial or service business
INTM205100Banking, deposit-taking, money-lending and debt-factoring
INTM205110Insurance companies
INTM205120Companies holding shares and securities in subsidiaries
INTM205130Business establishment and place of effective management
INTM205140Definition of a holding company
INTM205150Definition of a superior holding company
INTM205160Income requirement of holding companies
INTM205170Income requirement of superior holding companies
INTM205180Qualifying exempt activity income
INTM205190Ascertaining the source of income paid to a superior holding company
INTM205200Computation of 'gross income'
INTM205210Income treated as not derived from subsidiaries
INTM205220Local holding companies
INTM205230Exempt trading companies
INTM205240Motive Test, holding companies and superior holding companies
INTM205250Example of a holding company structure

 

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