Corporation Tax Act 2010 section 188

Other definitions

Section 188 provides a glossary of key terms used throughout Part 5 of the Act, which deals with group relief.

• "Company" means any body corporate, and "profits" means income and chargeable gains, unless the context requires otherwise.
• Key claim-side terms — "claimant company" and "claim period" — are defined in section 130, while "group relief" is defined in section 97.
• Key surrender-side terms — "surrendering company", "surrenderable amounts", and "surrender period" — are all defined in section 99.
• References to a "trade" include holding an office, and references to "carrying on a trade" include holding an office.