Section 356G — Corporation Tax Act 2010: Introduction to sections 356GA to 356GD

Introduction to sections 356GA to 356GD 356G 1 Sections 356GA to 356GD apply to a company in respect of an accounting period and a licensed area that is or contains a site, if the following conditions are met—

a the company is a licensee in the licensed area for the whole, or for part, of the accounting period;

b the company has different shares (greater than zero) of the equity in the licensed area at different times during the accounting period.

2 In a case where a company has three or more different shares of the equity in a licensed area during a particular day, sections 356GA to 356GD (in particular, provisions relating to the beginning or end of a day) have effect subject to the necessary modifications.