Section 1216BE — Corporation Tax Act 2009: Pre-trading expenditure

Pre-trading expenditure 1216BE 1 This section applies if, before the company began to carry on the separate programme trade, it incurred expenditure on development of the relevant programme.

2 The expenditure may be treated as expenditure of the separate programme trade and as if incurred immediately after the company began to carry on that trade.

3 If expenditure so treated has previously been taken into account for other tax purposes, the company must amend any relevant company tax return accordingly.

4 Any amendment or assessment necessary to give effect to subsection (3) may be made despite any limitation on the time within which an amendment or assessment may normally be made.