# Corporation Tax Act 2010, Paragraph 691


(1) Amend section 1262 (allocation of firm's profits or losses between partners) as follows.
(2) In subsection (2)—
(a) for “pays charges on income” substitute “ makes qualifying charitable donations ”,
(b) for “share of the charges” substitute “ share of the donations ”, and
(c) for “charges are paid” substitute “ donations are made ”.
(3) Omit subsection (3).

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Source: https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/691 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/schedule-1/paragraph-691
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.