PART 8B

Trading profits taxable at the Northern Ireland rate
CHAPTER 16

Northern Ireland profits and losses etc: partnerships

Introductory
357W
1
This Chapter makes provision under which profits or losses of a trade carried on by a company as a partner in a Northern Ireland firm are—
a
Northern Ireland profits or losses of the trade,
b
mainstream profits or losses of the trade, or
c
a combination of—
i
profits or losses within paragraph (a), and
ii
profits or losses within paragraph (b).
2
This Chapter has effect for the purposes of this Part.
3
In this Chapter “
firm
” has the same meaning as in CTA 2009 (see section 1257(1) of that Act).
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