Part 13Other special types of company etc

Chapter 6Banks etc in compulsory liquidation

640Relationship of Chapter with other corporation tax provisions

1

If a winding up receipt arising from the deposit-taking trade is chargeable to corporation tax under this Chapter it is not chargeable to corporation tax under any other provision.

2

This Chapter has effect regardless of section 464(1) of CTA 2009 (priority of loan relationship provisions).