Statute
Section 1265 — Corporation Tax Act 2009: Apportionment of profit share between partner's accounting periods
Text of the provision Official document
Apportionment of profit share between partner's accounting periods 1265 1 This section applies if—
a a share of a profit or loss calculated for an accounting period of a firm is allocated to a company under any of sections 1262 to 1264, and b the accounting period of the firm does not coincide with an accounting period of the company.
2 The share of the profit or loss must be apportioned between the accounting periods of the company in which the accounting period of the firm falls.
Official source: legislation.gov.uk
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