Corporation Tax Act 2010 (c. 4)

Part 13 U.K. Other special types of company etc

Chapter 6 U.K. Banks etc in compulsory liquidation

640 Relationship of Chapter with other corporation tax provisions U.K.

(1) If a winding up receipt arising from the deposit-taking trade is chargeable to corporation tax under this Chapter it is not chargeable to corporation tax under any other provision.

(2) This Chapter has effect regardless of section 464(1) of CTA 2009 (priority of loan relationship provisions).