# Corporation Tax Act 2010, Section 952: Apportionment if part of trade treated as separate trade

Extent: E+W+S+N.I.

(1) If part of a trade is treated as a separate trade in accordance with section 951(2), (4) or (8), just and reasonable apportionments are to be made of receipts, expenses, assets and liabilities.
(2) Subsection (3) applies if—
(a) at the time of an apportionment under subsection (1) it appears that the apportionment is material to the liability to tax (for whatever period) of two or more companies, and
(b) a question arises as to how the apportionment is to be made for the purposes of the liability of those companies.
(3) The question is to be determined in the same way as an appeal, and all the companies concerned are entitled to be a party to the proceedings.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/952 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-952
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.