Statute
Section 1257 — Corporation Tax Act 2009: General provisions
Text of the provision Official document
General provisions 1257 1 In this Act persons carrying on a trade in partnership are referred to collectively as a “firm”.
2 This section and sections 1259 to 1266 are expressed to apply to trades, but unless otherwise indicated (whether expressly or by implication) also apply to businesses that are not trades.
3 In those sections as applied by subsection (2)—
a references to a trade are references to a business, and b references to the profits of a trade are references to the income arising from a business.
Official source: legislation.gov.uk
There are no decisions in our collection citing this provision yet. As new judgments are published, they will appear here.
Search case law on this topic
See judgments from UK courts and tribunals with a plain-English summary and legal holding.
Explore case law →