Corporation Tax Act 2009 section 1256

Overview of Part

Section 1256 introduces the part of the Corporation Tax Act 2009 that contains special rules about how partnerships are treated for corporation tax purposes.

• Part 17 of the Corporation Tax Act 2009 sets out special rules that apply specifically to partnerships involving companies
• These rules address how partnership activities and income are treated for corporation tax
• Separate restrictions on loss relief and certain other reliefs for companies that are members of partnerships are found in Chapter 3 of Part 22 of the Corporation Tax Act 2010
• The equivalent income tax rules for individuals in partnerships are found in section 846 of the Income Tax (Trading and Other Income) Act 2005