906Priority of this Part for corporation tax purposesU.K.
(1)The amounts to be brought into account in accordance with this Part in respect of any matter are the only amounts to be brought into account for corporation tax purposes in respect of that matter.
(2)Subsection (1) is subject to any indication to the contrary.
(3)In particular, see—
(a)section 1308 (expenditure brought into account in determining value of intangible asset), F1...
(c)section 112(5) of TIOPA 2010 (deduction for foreign tax where no credit available).]
Textual Amendments
F1Word in s. 906(3) repealed (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 97(a), Sch. 10 Pt. 1 (with Sch. 9 paras. 1-9, 22)
F2S. 906(3)(b) omitted (17.7.2012) by virtue of Finance Act 2012 (c. 14), Sch. 16 para. 182
F3S. 906(3)(c) and preceding word inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 97(b) (with Sch. 9 paras. 1-9, 22)
Modifications etc. (not altering text)
C1S. 906(1) excluded by 2010 c. 8, s. 391A (as inserted (with effect in accordance with Sch. 11 para. 22 of the amending Act) by Finance Act 2019 (c. 1), Sch. 11 para. 2)