F1PART 8BTrading profits taxable at the Northern Ireland rate

CHAPTER 16Northern Ireland profits and losses etc: partnerships

357WFApplication of section 747 of CTA 2009 to Northern Ireland firm

Chapter 8 (intangible fixed assets) has effect in relation to a Northern Ireland firm as if—

(a)

references to a qualifying trade were to a qualifying partnership trade;

(b)

references to a company were to a firm;

(c)

references to an accounting period of a company were to an accounting period of a firm;

(d)

references to a Northern Ireland company were to a Northern Ireland firm;

(e)

references to the F2SME (Northern Ireland employer) condition in section 357KA were to the F3SME (Northern Ireland employer) partnership condition in section 357WA;

F4(ea)

references to the SME (election) condition in section 357KA were to the SME (election) partnership condition in section 357WA;

(f)

references to the large company condition in section 357KA were to the large partnership condition in section 357WA;

(g)

the reference in section 357OB(1)(b) to a qualifying trade by virtue of section 357KB(1) were to a qualifying partnership trade by virtue of section 357WB(1).