Section 357WF | Application of section 747 of CTA 2009 to Northern Ireland firm

Chapter 8 (intangible fixed assets) has effect in relation to a Northern Ireland firm as if—

(a)references to a qualifying trade were to a qualifying partnership trade;

(b)references to a company were to a firm;

(c)references to an accounting period of a company were to an accounting period of a firm;

(d)references to a Northern Ireland company were to a Northern Ireland firm;

(e)references to the SME (Northern Ireland employer) condition in section 357KA were to the SME (Northern Ireland employer) partnership condition in section 357WA;

(ea)references to the SME (election) condition in section 357KA were to the SME (election) partnership condition in section 357WA;

(f)references to the large company condition in section 357KA were to the large partnership condition in section 357WA;

(g)the reference in section 357OB(1)(b) to a qualifying trade by virtue of section 357KB(1) were to a qualifying partnership trade by virtue of section 357WB(1).