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

"Relevant interests" of persons related to UK resident companies

Section 371OD ensures that where a UK resident company and a connected non-UK resident person both hold interests in a CFC, the UK resident company's interest takes priority as the "relevant interest", preventing double-counting.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.