Corporation Tax Act 2010

[F1 357WF Application of section 747 of CTA 2009 to Northern Ireland firm U.K.

Chapter 8 (intangible fixed assets) has effect in relation to a Northern Ireland firm as if—

(a) references to a qualifying trade were to a qualifying partnership trade;

(b) references to a company were to a firm;

(c) references to an accounting period of a company were to an accounting period of a firm;

(d) references to a Northern Ireland company were to a Northern Ireland firm;

(e) references to the [F2 SME (Northern Ireland employer) condition] in section 357KA were to the [F3 SME (Northern Ireland employer) partnership condition] in section 357WA;

[F4 (ea) references to the SME (election) condition in section 357KA were to the SME (election) partnership condition in section 357WA;]

(f) references to the large company condition in section 357KA were to the large partnership condition in section 357WA;

(g) the reference in section 357OB(1)(b) to a qualifying trade by virtue of section 357KB(1) were to a qualifying partnership trade by virtue of section 357WB(1).]

Textual Amendments

F1 Pt. 8B inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), s. 1

F2 Words in s. 357WF(e) substituted (16.11.2017) by Finance (No. 2) Act 2017 (c. 32), Sch. 7 para. 19(2)(a)

F3 Words in s. 357WF(e) substituted (16.11.2017) by Finance (No. 2) Act 2017 (c. 32), Sch. 7 para. 19(2)(b)

F4 S. 357WF(ea) inserted (16.11.2017) by Finance (No. 2) Act 2017 (c. 32), Sch. 7 para. 19(3)