Taxation (International and Other Provisions) Act 2010 section 371KH

Category C income

Section 371KH defines what constitutes Category C income for a controlled foreign company (CFC) in a given accounting period.

  • Category C income captures specific types of income that are added to a CFC's accounting profits through statutory adjustments
  • It includes income from settlements where the CFC is either a settlor or a beneficiary
  • It also includes the CFC's share of any partnership income where the CFC is a partner
  • The total Category C income is the sum of all such amounts for the accounting period in question

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