220 Accounting period in which certain profits or losses arise
Finance Act 1994 (1994 c 9) | Legislation

220  Accounting period in which certain profits or losses arise

(1)     For the purposes of section 219 above and all other purposes of the Corporation Tax Acts, the profits or losses arising to a corporate member in any accounting period directly from its membership of one or more syndicates, or from assets forming part of a [premium] trust fund, shall be taken to be—

(a)     if two underwriting years each fall partly

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