Taxation (International and Other Provisions) Act 2010 section 301

Meaning of "tax-resident" and "EEA territory"

Section 301 provided definitions of "tax-resident" and "EEA territory" for the purposes of Part 7 of the Act, which dealt with the worldwide debt cap rules. This section, along with the rest of Part 7, has been repealed.

• Section 301 defined key terms used throughout the worldwide debt cap provisions in Part 7 of the Act.
• It established what it meant for a company or entity to be "tax-resident" in a particular territory, and defined "EEA territory" for the purposes of these rules.
• The entire Part 7, including this section, was repealed by the Finance (No. 2) Act 2017, which replaced the worldwide debt cap with the corporate interest restriction rules.
• The repeal took effect for periods of account of worldwide groups beginning on or after 1 April 2017.