Explanatory Notes

Corporation Tax Act 2009

2009 CHAPTER 4

26 March 2009

Commentary on Sections

Part 4: Property income

Overview

Chapter 2: Property businesses
Section 203: Overview of Chapter

758.This section introduces the Chapter and provides a “road map” to the key provisions. It is new.

759.Chapter 2 sets out the key concepts underlying the main component of income within this Part of this Act by defining “property business” and “generating income from land”.