115 Commercial allocation of accounting profit or loss and tax adjustments
Finance Act 2012 (2012 c 14) | Legislation

115  Commercial allocation of accounting profit or loss and tax adjustments

(1)     The accounting profit or loss, and the tax adjustments, are to be allocated between the two separate businesses in accordance with an acceptable commercial method adopted by the company.

(2)     A method is an “acceptable commercial method” if it secures that the accounting profit or loss, and

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