Section 357WF — Corporation Tax Act 2010: Application of section 747 of CTA 2009 to Northern Ireland firm

Application of section 747 of CTA 2009 to Northern Ireland firm 357WF Chapter 8 (intangible fixed assets) has effect in relation to a Northern Ireland firm as if—

a references to a qualifying trade were to a qualifying partnership trade;

b references to a company were to a firm;

c references to an accounting period of a company were to an accounting period of a firm;

d references to a Northern Ireland company were to a Northern Ireland firm;

e references to the SME (Northern Ireland employer) condition in section 357KA were to the SME (Northern Ireland employer) partnership condition in section 357WA;

ea references to the SME (election) condition in section 357KA were to the SME (election) partnership condition in section 357WA;

f references to the large company condition in section 357KA were to the large partnership condition in section 357WA;

g the reference in section 357OB(1)(b) to a qualifying trade by virtue of section 357KB(1) were to a qualifying partnership trade by virtue of section 357WB(1).