Statute
Section 260 — Corporation Tax Act 2009: Mutual business
Text of the provision Official document
Mutual business 260 1 Nothing in this Part is to be read as applying the rules relating to mutual business to property businesses.
2 Accordingly, receipts and expenses are to be brought into account in calculating the profits of a company's property business even if a relationship of mutuality exists between that company and another person.
3 Nothing in this section affects the operation of Chapter 7 of Part 13 of CTA 2010 (co-operative housing associations).
Official source: legislation.gov.uk
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