Section 1217QF — Corporation Tax Act 2009: Pre-trading expenditure

Pre-trading expenditure 1217QF 1 This section applies if, before the company begins to carry on the separate orchestral trade, it incurs expenditure on activities falling within section 1217QD(1)(a).

2 The expenditure may be treated as expenditure of the separate orchestral trade and as if incurred immediately after the company begins 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.