[371IE The “matched interest profits” exemption]

[371IE  The “matched interest profits” exemption]

[(1)     This section applies if—

(a)     there are profits of qualifying loan relationships which are not exempt after sections 371IB and 371ID have been applied to each qualifying loan relationship,

(b)     the relevant corporation tax accounting period (as defined in section 371BC(3)) of company C is a relevant accounting period of it in relation to a period of account of a worldwide group,

(c)     the CFC's accounting period ends in that period of account, and

(d)     apart from this section, the profits mentioned in paragraph (a) would be included in the chargeable profits of the CFC.

(2)     In this section “the matched interest profits” means so much of the profits mentioned

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