Section 36 — Corporation Tax Act 2010: Introduction to Chapter

Introduction to Chapter 36 1 This Chapter provides relief for a loss made by a company in a trade (see sections 37 to 47) 2 This Chapter also provides for restrictions on relief for the following cases—

a farming or market gardening (sections 48 to 51),

b dealings in commodity futures (section 52),

c leasing contracts and company reconstructions (section 53),

and d receipts of interest, dividends and royalties by a non-UK resident company (section 54).

3 In this Chapter references to a company carrying on a trade are references to the company carrying on the trade so as to be within the charge to corporation tax in relation to the trade.

4 In this Chapter, except in so far as the context otherwise requires—

a references to a trade include an office, and b references to carrying on a trade include holding an office.