Part 2 U.K. Trading income

[F1 CHAPTER 5A U.K. Trade profits: deductions allowable at a fixed rate

Textual Amendments

F1 Pt. 2 Ch. 5A inserted (with effect in accordance with Sch. 5 para. 6 of the amending Act) by Finance Act 2013 (c. 29), Sch. 5 para. 2

Introduction U.K.

94C Provisions not applicable to certain firms U.K.

The provisions of this Chapter do not apply in calculating the profits of a trade carried on by a firm for a period if one or more of the persons who have been partners in the firm at any time during the period was not an individual at that time.]