Taxes Consolidation Act 1997 section 111AQ

Ultimate parent entity that is a flow-through entity

Section 111AQ addresses the adjustments made to the qualifying income, losses, and covered taxes of an ultimate parent entity that operates as a flow-through entity, to prevent unintended top-up tax charges where the tax burden is borne by the entity's owners rather than the entity itself.

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.