Section 36 | Introduction to Chapter

(1)This Chapter provides relief for a loss made by a company in a trade (see sections 37 to 47)^F1

(2)This Chapter also provides for restrictions on relief for the following cases—

(a)farming or market gardening (sections 48 to 51),

(b)dealings in commodity futures (section 52),

(c)leasing contracts and company reconstructions (section 53), and

(d)receipts of interest, dividends and royalties by a non-UK resident company (section 54).

(3)In this Chapter references to a company carrying on a trade are references to the company carrying on the trade so as to be within the charge to corporation tax in relation to the trade.

(4)In this Chapter, except in so far as the context otherwise requires—

(a)references to a trade include an office, and

(b)references to carrying on a trade include holding an office.