201Provisions which must be given priority over this PartU.K.
This section has no associated Explanatory Notes
(1)Any receipt or other credit item, so far as it falls within—
(a)Chapter 2 of this Part (receipts of trade), and
(b)Chapter 3 of Part 4 so far as it relates to a UK property business,
is dealt with under Chapter 3 of Part 4.
[F1(1A)Subsection (1) does not apply in the case of the long-term business of an insurance company.]
(2)Any receipt or other credit item, so far as it falls within—
(a)this Part, and
(b)Chapter 4 of Part 10 (income from holding an office),
is dealt with under Chapter 4 of Part 10.
Textual Amendments
F1S. 201(1A) inserted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 145