Commentary

D7.430 Trading apportionment rules

Corporate tax
Corporate tax | Commentary

D7.430 Trading apportionment rules

Corporate tax | Commentary

D7.430 Trading apportionment rules

The rules in this division apply for accounting periods beginning on or after 1 January 2013. For accounting periods beginning before 1 January 2013 see Division D7.5.

For a company that carries on both BLAGAB and non-BLAGAB long-term business a method must be found to allocate its trade profit (or loss) calculated in accordance with generally accepted accounting practice together with any adjustments required by tax law to those profits between the businesses1. Thus in the same way as income, losses, gains and expenses are allocated to BLAGAB or non-BLAGAB business using the company's own commercial allocation

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