Corporation Tax Act 2010 section 957

Chapter 2: supplementary

Section 957 clarifies the relationship between Chapter 2 and Chapter 1 of this Part, and defines how key terms used in Chapter 2 should be interpreted.

• Chapter 2 does not apply in any case where Chapter 1 already applies — Chapter 1 takes priority
• References to a "trade" throughout Chapter 2 should be read as also including an office
• References to "carrying on a trade" should be read as also including holding an office
• These extended meanings apply unless the context of a particular provision clearly requires a narrower reading