Point in time view as at 12/02/2019.
Taxation of Chargeable Gains Act 1992, Section 2D is up to date with all changes known to be in force on or before 10 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)The total amount of chargeable gains to be included in a company's total profits for an accounting period is calculated for corporation tax purposes in accordance with capital gains tax principles.
(2)All of the following questions are determined in accordance with the enactments relating to capital gains tax as if accounting periods were tax years—
(a)any question as to the amounts to be, or not to be, taken into account as chargeable gains or allowable losses,
(b)any question as to the amounts to be, or not to be, taken into account in calculating gains or losses,
(c)any question as to the amounts charged to tax as a company's gains, and
(d)any question as to the time when any amount is treated as accruing.
(3)This section is subject to any provision made elsewhere by the Corporation Tax Acts.]
Textual Amendments
F1Pt. 1 substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by Finance Act 2019 (c. 1), Sch. 1 para. 2
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