Section 203 — Corporation Tax Act 2009: Overview of Chapter

Overview of Chapter 203 1 This Chapter explains for the purposes of this Act what is meant by—

a a company's UK property business (see section 205),

and b a company's overseas property business (see section 206).

2 Both those sections need to be read with—

a section 207 (which explains what is meant by generating income from land),

and b section 208 (which provides that certain activities do not count as activities for generating income from land).

3 In the case of a property business carried on by a company as a member of a firm, the basic rules in sections 205 and 206 are explained in section 1270(2) and (3).

4 See also section 86 of FA 2012 (which qualifies the basic rules in sections 205 and 206 for the purpose of applying the I - E rules in relation to an insurance company).