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StatuteCorporation Tax Act 2010

Section 55 — Corporation Tax Act 2010: Introduction to Chapter

Text of the provision Official document

Introduction to Chapter 55 1 This Chapter restricts the amount of relief that may be given for any loss made by a company in a trade carried on by the company—

a as a limited partner (see sections 56 to 58), or b as a member of a limited liability partnership (an “ LLP ”) (see sections 59 to 61).

2 In this Chapter persons carrying on a trade in partnership are referred to collectively as a “firm”.

Official source: legislation.gov.uk

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