Section 851 Calculations etc. where firm has other income or losses

(1)

This section applies if—

(a)

sections 849 and 850 apply in relation to the profits or losses of a trade carried on by a firm, and

(b)

the firm has other income or losses.

(2)

Those sections also apply as if references to the profits or losses of the trade were references to the other income or losses.

Notes on Part 9

C1: Pt. 9 applied (1.4.2010) by Income Tax Act 2007 (c. 3), ss. 809BZH(2)(a), 809BZK(4)(a) (as inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 5 para. 3 (with Sch. 9 paras. 1-9, 22))
C2: Pt. 9 modified (with effect as mentioned in Sch. 6 para. 6(2)-(7) to the amending Act) by Income and Corporation Taxes Act 1988 (c. 1) , s. 774D(4) as inserted by Finance Act 2006 (c. 25), s. 76, Sch. 6 para. 6(1)