Commentary

D1.1207 Associated companies—non-trading companies

Corporate tax
Corporate tax | Commentary

D1.1207 Associated companies—non-trading companies

Corporate tax | Commentary

D1.1207 Associated companies—non-trading companies

The provisions in this article were repealed with effect from 1 April 2015. From this date for non-ring fence trades there is only one 'main rate' of corporation tax (see D1.1201). Where an accounting period straddles this date it is split into two notional periods. For the small profits rate that applies to ring fence trades (see D1.1204).

An associated company which has not carried on any trade or business during an accounting period of its associate is to be disregarded for the purpose of considering the latter's position in that accounting period. If a company has

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