C1Part 3Trading income

Annotations:
Modifications etc. (not altering text)

Chapter 2Income taxed as trade profits

Starting and ceasing to trade

41Effect of company starting or ceasing to be within charge to corporation tax

1

This section applies if a company starts or ceases to be within the charge to corporation tax in respect of a trade.

2

The company is treated for the purposes of this Part—

a

as starting to carry on the trade when it starts to be within the charge, or

b

as ceasing to carry on the trade when it ceases to be within the charge.