Section 201 — Corporation Tax Act 2009: Provisions which must be given priority over this Part

Provisions which must be given priority over this Part 201 1 Any receipt or other credit item, so far as it falls within—

a Chapter 2 of this Part (receipts of trade),

and b Chapter 3 of Part 4 so far as it relates to a UK property business, is dealt with under Chapter 3 of Part 4. 1A Subsection (1) does not apply in the case of the long-term business of an insurance company.

2 Any receipt or other credit item, so far as it falls within—

a this Part, and b Chapter 4 of Part 10 (income from holding an office), is dealt with under Chapter 4 of Part 10.