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GB 7: Arrangements involving CFC control interests
or “Rules for foreign company ownership to prevent tax avoidance”
You could also call this:

“This rule about overseas companies' money and taxes no longer applies”

You don’t need to know about arrangements involving attributed repatriation from CFCs anymore. This part of the law was removed on 24 February 2016. It used to be a rule about how some overseas companies’ money was treated for tax purposes, but it’s not part of the current Income Tax Act 2007.

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Next up: GB 9: Temporary disposals of direct control or income interests

or “Rules for temporary sales of interests in foreign companies”
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Part G Avoidance and non-market transactions
Avoidance: specific

GB 8Arrangements involving attributed repatriation from CFCs (Repealed)

    Notes
    • Section GB 8: repealed, on , by section 179 of the Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Act 2016 (2016 No 1).