1261 Accounting periods of firms
Corporation Tax Act 2009 (2009 c 4) | Legislation

1261  Accounting periods of firms

(1)     In this Part references to an accounting period of a firm which carries on a trade are to a period that would be an accounting period of the firm if the firm were a company.

(2)     For the purposes of subsection (1) it is to be assumed that the company by reference to which the accounting periods of the firm are determined (“the deemed company”)—

(a)     is UK resident,

(b)     acquires

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