[133M Application of sections 133A and 133B in relation to corporate partner]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[133M  Application of sections 133A and 133B in relation to corporate partner]

[(1)     If a firm carries on a trade and any partner in the firm (“the corporate partner”) is within the charge to corporation tax, this section applies in determining the profits of the trade, in relation to the corporate partner, in accordance with section 1259(3) or (4).

(2)     No deduction is allowed for expenses incurred by the firm

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