Introduction Overview Chapter 1: Definitions Section 1118: Introduction to Chapter
3206.This section introduces Chapter 1 which contains definitions applying for the purposes of the Corporation Tax Acts. Where it is not new, it is based on section 832 of ICTA. The corresponding provision for income tax is in section 988 of ITA.
3207.A number of terms that are defined by ITA for the purposes of the Income Tax Acts are used without definitionin this Act. As that use is in an income tax context, the ITA definition applies in this Act.
3208.Subsections (3) to (5)indicate the extent to which the definitions apply.
3209.Subsection (5) makes clear that the application of a definition is also subject to any contrary indication.