Corporation Tax Act 2010 Explanatory Notes

Section 865: Tax deduction not to exceed commercial rent

2566.This section restricts corporation tax relief and carries forward relief which has been denied. It is based on section 782(1) to (4) of ICTA.

2567.Subsection (3) brings the law into line with practice. See the commentary on section 838 and Change 55 in Annex 1.

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