Section 257 — Corporation Tax Act 2009: Transfer involving person within the charge to income tax

Transfer involving person within the charge to income tax 257 1 This section explains how section 255 works if—

a the transferor is a company within the charge to corporation tax and the transferee is a person within the charge to income tax, or b the transferor is a person within the charge to income tax and the transferee is a company within the charge to corporation tax.

2 Section 255 applies only for the purpose of determining—

a whether the company within the charge to corporation tax is entitled to a deduction (or part of a deduction) under section 254, and b the amount of any such deduction.

3 Accordingly, any reference to—

a whether a person is entitled to a deduction (or part of a deduction) under section 254, or b the amount of any such deduction, is ignored if the person is within the charge to income tax.

4 For any entitlement of a person within the charge to income tax to a deduction for any of the expenditure, see sections 316 to 318 of ITTOIA 2005 (corresponding income tax provisions).