Statute
Section 356JKA — Corporation Tax Act 2010: More than one disposal on a single day
Text of the provision Official document
More than one disposal on a single day 356JKA 1 Subsections (2) to (4) apply where a company makes, on a single day and in relation to a single cluster area, more than one disposal falling within section 356JK(1)(a).
2 The company may, by an election, choose the order of priority of the disposals for the purposes of section 356JK(8).
3 A disposal which is placed higher in the order of priority than another disposal is a “ prior disposal ” in relation to the other for the purposes of the definition of “S” in section 356JK(8).
4 An election under subsection (2) is irrevocable.
Official source: legislation.gov.uk
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