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Part 12 Supplementary provisions

Chapter 5 Miscellaneous

Companies not resident in the United Kingdom

566 Companies not resident in the United Kingdom

1

This section applies if a company not resident in the United Kingdom is—

a

within the charge to corporation tax in respect of one source of income, and

b

within the charge to income tax in respect of another source.

2

Allowances related to any source of income are to be given effect against income chargeable to the same tax as is chargeable on income from that source.