Tax Relief: Corporate Investors - determination of corporation tax liability
CTA2010/Part 7/Chapter 1/S220
Tax relief due under the CITR scheme is a relief or set-off against corporation tax chargeable on company profits.
It is given effect
- reduction due in respect of marginal small companies’ relief, or
- relief for investment under the Corporate Venturing Scheme but before, but
- double taxation relief or unilateral relief (TIOPA2010/S2 or TIOPA2010/S18), or
- relief for advance corporation tax or unrelieved surplus advance corporation tax.