Corporation Tax Act 2010 section 522

Residual business

Section 522 defines "residual business" for the purposes of this Part as any business activity that is not property rental business.

  • Residual business is defined as all business other than property rental business.
  • The definition is used to identify profits and gains charged to corporation tax at the main rate.
  • It also determines which items must be included in the financial statements of the company.
  • For non-UK companies, the same definition of residual business applies as for other members of a group.

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