# Taxation (International and Other Provisions) Act 2010, Section 52: General deductions


(1) Subsection (2) applies for the purposes of section 42 if in the accounting period there is any amount (“the deduction”) that for corporation tax purposes is deductible from, or otherwise allowable against, profits of more than one description.
(2) The company may allocate the deduction in such amounts, and to such of its profits for the period, as it thinks fit.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/section/52 (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-52
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.