Section 357W IntroductoryF1

(1)

This Chapter makes provision under which profits or losses of a trade carried on by a company as a partner in a Northern Ireland firm are—

(a)

Northern Ireland profits or losses of the trade,

(b)

mainstream profits or losses of the trade, or

(c)

a combination of—

(i)

profits or losses within paragraph (a), and

(ii)

profits or losses within paragraph (b).

(2)

This Chapter has effect for the purposes of this Part.

(3)

In this Chapter “firm” has the same meaning as in CTA 2009 (see section 1257(1) of that Act).

Annotations

F1: Pt. 8B inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), s. 1