Part 1: Introduction
Section 1: Overview of Act
23.This section describes the content of the Act. It is new.
24.Subsections (1) and (2) make it clear that that a large part of the Act is directly concerned with the application of the charge to corporation tax on income.
25.Subsection (3) notes that Part 7 also includes provision for the charge to corporation tax on chargeable gains in relation to derivative contracts.
26.Subsection (4) notes that Parts 5 to 8 have a role in relation to the treatment of deficits and losses in connection with the matters to which the Parts relate.
27.Subsections (5) and (6) describe the particular cases covered by Parts 11 to 18 and subsection (7) the provisions of general application in Parts 19 to 21.
28.Subsection (8) notes where abbreviations and defined expressions used in the Act can be found.
