CTM20140 - ACT: set-off against CT on profits: definitions
ICTA88/S239 (6), ICTA88/238 (4)
The following definitions applied.
바카라 사이트˜The income of a company charged to CT for any period바카라 사이트™ was the amount of its profits for that period on which CT fell finally to be borne exclusive of the amount attributable to chargeable gains.
바카라 사이트˜The amount attributable to chargeable gains바카라 사이트™ was the amount brought into the company바카라 사이트™s profits for that period for the purposes of CT in respect of chargeable gains before any deduction for charges on income, management expenses or other amounts which could be deducted from or set-off against or treated as reducing profits of more than one description.
바카라 사이트˜The profits on which CT falls finally to be borne바카라 사이트™ were the profits charged to CT after making all deductions and giving all relief바카라 사이트™s which for CT purposes were given from or against those profits (including deductions or relief바카라 사이트™s which under any provisions were treated as reducing them).
The effect of the above was that 바카라 사이트˜income charged to CT for any period바카라 사이트™ was arrived at after deducting from that income all relief바카라 사이트™s given for losses under ICTA88/S393A (1), group relief, charges, management expenses and certain capital allowances under CAA90/S145 (3).