PART 8B Trading profits taxable at the Northern Ireland rate

CHAPTER 16 Northern Ireland profits and losses etc: partnerships

357WF Application of section 747 of CTA 2009 to Northern Ireland firm
Chapter 8 (intangible fixed assets) has effect in relation to a Northern Ireland firm as if—
(a) references to a qualifying trade were to a qualifying partnership trade;
(b) references to a company were to a firm;
(c) references to an accounting period of a company were to an accounting period of a firm;
(d) references to a Northern Ireland company were to a Northern Ireland firm;
(e) references to the SME (Northern Ireland employer) condition in section 357KA were to the SME (Northern Ireland employer) partnership condition in section 357WA;
Words in s. 357WF(e) substituted (16.11.2017) by Finance (No. 2) Act 2017 (c. 32), Sch. 7 para. 19(2)(a)
Words in s. 357WF(e) substituted (16.11.2017) by Finance (No. 2) Act 2017 (c. 32), Sch. 7 para. 19(2)(b)
(ea) references to the SME (election) condition in section 357KA were to the SME (election) partnership condition in section 357WA;
S. 357WF(ea) inserted (16.11.2017) by Finance (No. 2) Act 2017 (c. 32), Sch. 7 para. 19(3)
(f) references to the large company condition in section 357KA were to the large partnership condition in section 357WA;
(g) the reference in section 357OB(1)(b) to a qualifying trade by virtue of section 357KB(1) were to a qualifying partnership trade by virtue of section 357WB(1).
Pt. 8B inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), s. 1