Section 3 — Corporation Tax Act 2009: Exclusion of charge to income tax

Exclusion of charge to income tax 3 1 The provisions of the Income Tax Acts relating to the charge to income tax do not apply to income of a company if—

a the company is UK resident, or b the company is not UK resident and it is chargeable to corporation tax in respect of the income, or would be so chargeable but is not as a result of—

i an exemption, or ii the application of sections 1142 to 1144 of CTA 2010 (circumstances in which a company is not regarded as having a permanent establishment) .

2 Subsection (1) does not apply to income accruing to a company in a fiduciary or representative capacity.