There are currently no known outstanding effects for the Corporation Tax Act 2009, Paragraph 641.
641(1)Amend section 860 (adjustment income) as follows.U.K.
(2)After subsection (1) insert—
“(1A)A change in the persons carrying on a property business from one period of account to the next does not prevent Chapter 7 of Part 3 (adjustment income) applying in relation to the property business so long as a person carrying on the property business immediately before the change continues to carry on the property business immediately after the change.”
(3)In subsection (3)—
(a)after “trade” insert “ or property business ”, and
(b)after “Chapter 17 of Part 2” insert “ , or Chapter 7 of Part 3, ”.
(4)In subsection (6)—
(a)in paragraph (a), at the end insert “ or Chapter 7 of Part 3 (as the case requires) ”, and
(b)in paragraph (b) after “trade” insert “ or property business (as the case requires) ”.
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