From http://stackoverflow.com/questions/10856353/crop-a-cashapelayer-retrieving-the-external-path

maskWithHole

CAShapeLayer *maskWithHole = [CAShapeLayer layer];

// Both frames are defined in the same coordinate system
CGRect biggerRect = CGRectMake(30, 50, 120, 200);
CGRect smallerRect = CGRectMake(80, 100, 50, 80);

UIBezierPath *maskPath = [UIBezierPath bezierPath];
[maskPath moveToPoint:CGPointMake(CGRectGetMinX(biggerRect), CGRectGetMinY(biggerRect))];
[maskPath addLineToPoint:CGPointMake(CGRectGetMinX(biggerRect), CGRectGetMaxY(biggerRect))];
[maskPath addLineToPoint:CGPointMake(CGRectGetMaxX(biggerRect), CGRectGetMaxY(biggerRect))];
[maskPath addLineToPoint:CGPointMake(CGRectGetMaxX(biggerRect), CGRectGetMinY(biggerRect))];
[maskPath addLineToPoint:CGPointMake(CGRectGetMinX(biggerRect), CGRectGetMinY(biggerRect))];

[maskPath moveToPoint:CGPointMake(CGRectGetMinX(smallerRect), CGRectGetMinY(smallerRect))];
[maskPath addLineToPoint:CGPointMake(CGRectGetMinX(smallerRect), CGRectGetMaxY(smallerRect))];
[maskPath addLineToPoint:CGPointMake(CGRectGetMaxX(smallerRect), CGRectGetMaxY(smallerRect))];
[maskPath addLineToPoint:CGPointMake(CGRectGetMaxX(smallerRect), CGRectGetMinY(smallerRect))];
[maskPath addLineToPoint:CGPointMake(CGRectGetMinX(smallerRect), CGRectGetMinY(smallerRect))];

[maskWithHole setPath:[maskPath CGPath]];
[maskWithHole setFillRule:kCAFillRuleEvenOdd];
[maskWithHole setFillColor:[[UIColor orangeColor] CGColor]];