Valid from 06/04/2005
Modifications etc. (not altering text)
C1Pt. 9 modified (with effect as mentioned in Sch. 6 para. 6(2)-(7) to the amending Act) by Income and Corporation Taxes Act 1988 (c. 1) , s. 774D(4) as inserted by Finance Act 2006 (c. 25), s. 76, Sch. 6 para. 6(1)
(1)This section applies if—
(a)sections 849 and 850 apply in relation to the profits or losses of a trade carried on by a firm, and
(b)the firm has other income or losses.
(2)Those sections also apply as if references to the profits or losses of the trade were references to the other income or losses.