Commentary

D7.431 General principles

Corporate tax
Corporate tax | Commentary

D7.431 General principles

Corporate tax | Commentary

I-E Basis—Apportionment of income, expenses and gains

D7.431 General principles

If a company carries on both BLAGAB and non-BLAGAB business it is necessary to determine what part of the company's income, chargeable gains and expenses are referable to the former and therefore need to be brought into the measure of the I-E profit1. The legislation uses two slightly different methods to firstly apportion income, losses and expenses and secondly chargeable gains.

HMRC guidance on I-E can be found at LAM02000 onwards.

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