# Corporation Tax Act 2009, Section 210: Profits of a property business: application of trading income rules Extent: E+W+S+N.I. (1) The profits of a property business are calculated in the same way as the profits of a trade. (2) But the provisions of Part 3 (trading income) which apply as a result of subsection (1) are limited to the following— In Chapter 3 (basic rules)— section 46 generally accepted accounting practice section 47 losses calculated on same basis as profits section 48 receipts and expenses section 49A money's worth section 52 apportionment etc of profits and losses to accounting period In Chapter 4 (rules restricting deductions)— section 53 capital expenditure section 54 expenses not wholly and exclusively for trade and unconnected losses section 55 bad debts sections 56 to 58B car ... hire section 59 patent royalties In Chapter 5 (rules allowing deductions)— section 61 pre-trading expenses . . . . . . section 69 payments for restrictive undertakings sections 70 and 71 seconded employees section 72 payroll deduction schemes: contributions to agents' expenses sections 73 to 75 counselling and retraining expenses sections 76 to 81 redundancy payments etc sections 82 to 86 contributions to local enterprise organisations or urban regeneration companies sections 86A and 86B contributions to flood and coastal erosion risk management projects sections 87 and 88 scientific research sections 89 and 90 expenses connected with patents, designs and trade marks section 91 payments to Export Credits Guarantee Department section 92 levies under FISMA 2000 section 92A deductions in relation to salaried members of limited liability partnerships In Chapter 6 (receipts)— section 93 capital receipts section 94 debts incurred and later released section 101 distribution of assets of mutual concerns section 102 industrial development grants section 103 sums recovered under insurance policies etc section 104 repayments under FISMA 2000 In Chapter 7 (gifts to charities etc)— section 108 receipt of benefits by donor or connected person In Chapter 9 (other specific trades)— section 131 incidental costs of issuing qualifying shares (building societies) section 133 annual payments paid by a credit union In Chapter 12 (deductions from profits)— sections 172 to 175 unremittable amounts --- Source: https://www.legislation.gov.uk/ukpga/2009/4/section/210 (the official version) Page: https://openlegislation.uk/corporation-tax-act-2009/section-210 Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.