Section 357W — Corporation Tax Act 2010: Introductory

Introductory 357W 1 This Chapter makes provision under which profits or losses of a trade carried on by a company as a partner in a Northern Ireland firm are—

a Northern Ireland profits or losses of the trade, b mainstream profits or losses of the trade, or c a combination of—

i profits or losses within paragraph (a),

and ii profits or losses within paragraph (b).

2 This Chapter has effect for the purposes of this Part.

3 In this Chapter “ firm ” has the same meaning as in CTA 2009 (see section 1257(1) of that Act).