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.