# Corporation Tax Act 2009, Section 204: Meaning of “property business”


(1) In this Act “property business” means a UK property business or an overseas property business.
(2) References in this Act to a property business are to a property business so far as any profits of the business are chargeable to tax under Chapter 3 (as to which see, in particular, the rules about territorial scope in section 5).
(3) Accordingly, nothing in Chapter 4 or 5 is to be read as treating an amount as a receipt of a property business if the profits concerned would not be chargeable to tax under Chapter 3.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/204 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-204
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.