Corporation Tax Act 2010 section 356OI

Calculation of profit or gain on disposal

Section 356OI sets out how profits or losses arising from the disposal of property are to be calculated for the purposes of this Part.

• Any profit or loss from a property disposal is calculated using the same principles that apply to computing trading profits under Part 3 of CTA 2009.
• Appropriate modifications to those trading profit principles may be made where necessary.
• The same calculation rules apply whether the disposal results in a profit or a loss.
• There is no separate or special method for calculating losses — they follow the same approach as profits.