Income Tax (Trading and Other Income) Act 2005

This section has no associated Explanatory Notes

172U.K.In section 401(1) (relief for pre-trading expenditure)—

(a)for “person” substitute “ company ”,

(b)for “trade, profession or vocation”, wherever it occurs, substitute “ trade or profession ”,

(c)for “he” substitute “ the company ”,

(d)for “his” substitute “ the company's ”, and

(e)for “him” substitute “ the company ”.