297 Taking account of reductions in corporation tax receipts
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

297  Taking account of reductions in corporation tax receipts

(1)     This section applies if—

(a)     in calculating the amount of a corporation tax receipt, there is a reduction under section 37(2) or (3) of ICTA by reference to the amount chargeable on the superior interest for the purposes of that section, and

(b)     the amount chargeable on the superior interest is the taxed receipt for the purposes of this Chapter.

(2)     For the purposes of this Chapter references to a reduction under section 37(2) or (3) of ICTA

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