Section 6 — Corporation Tax Act 2009: Profits accruing in fiduciary or representative capacity

Profits accruing in fiduciary or representative capacity 6 1 A company is not chargeable to corporation tax on profits which accrue to it in a fiduciary or representative capacity except as respects its own beneficial interest (if any) in the profits.

2 The exception under subsection (1) from chargeability does not apply to profits arising in the winding up of the company.