This section has no associated Explanatory Notes
457(1)Amend section 41 (relief for preliminary expenditure) as follows.U.K.
(2)In subsection (1)—
(a)for “tax purposes”, in the first place where it occurs, substitute “ the purposes of corporation tax ”,
(b)for “a person” substitute “ a company within the charge to corporation tax ”,
(c)for “that person” substitute “ the company ”,
(d)for “him” substitute “ it ”, and
(e)after “section 40D above” insert “ or section 143 of ITTOIA 2005 ”.
(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)In subsection (7)—
(a)after “this section” insert “ or section 137 of ITTOIA 2005 (corresponding income tax provision) ”, and
(b)for “tax purposes” substitute “ the purposes of corporation tax ”.