Section 279C — Corporation Tax Act 2010: Company with ring fence profits and other profits

Company with ring fence profits and other profits 279C 1 This section applies if—

a a company is UK resident in an accounting period, ab it is not a close investment-holding company in the period, b its augmented profits of the accounting period—

i exceed the lower limit, but ii do not exceed the upper limit, and c its augmented profits of that period consist of both ring fence profits and other profits.

2 The corporation tax charged on the company's taxable total profits of the accounting period is reduced by the total of—

a the sum equal to the ring fence marginal relief fraction of the ring fence amount, and b the sum equal to the standard marginal relief fraction of the remaining amount.