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Corporation Tax Act 2010

Section 714: The expectation condition

2221.This section spells out the expectation condition mentioned in section 713(1)(d). It is based on section 767AA of ICTA.

2222.Subsection (2) omits as otiose “either or both of” in section 767AA(2) of ICTA.

2223.In subsection (4)(a), the words in brackets warn the reader that “an associated company” is not necessarily the “associated company” mentioned in section 713(1)(b). Which company in a group has a corporation tax liability may depend on (for example) how the group allocates its group relief.

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Explanatory Notes

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