12. Deductions in calculating profits
Monday 25th March 2013
(11 years, 1 month ago)
Commons Chamber
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Resolved,
That provision (including provision having retrospective effect) may be made about the deductions allowed when calculating—
(a) the profits of a trade, profession, vocation or property business for the purposes of income tax, or
(b) the profits of a trade or property business for the purposes of corporation tax.