Section 6D | NI rate activity treated as separate trade ^F1

(1)For the purposes of this Act, the NI rate activity carried on by an SME (Northern Ireland employer) company or a NIRE company is to be treated as a separate trade, distinct from any other activities carried on by the company as part of the trade.^F2

(2)For the purposes of the corporate partner calculation, the NI rate activity carried on by a Northern Ireland firm is to be treated as a separate trade, distinct from any other activities carried on by the firm as part of the trade.

(3)In this Act “the corporate partner calculation”, in relation to a trade carried on by a Northern Ireland firm, means the determination of the allowances and charges to which effect is to be given under this Act in determining under subsection (3) or (4) of section 1259 of CTA 2009 (calculation of firm's profits and losses) the amount of the profits of the trade chargeable to corporation tax.