Introduction This Act Features of the Act
17.The Act:
	contains the basic corporation tax provisions including the charge to tax, accounting periods and provisions relating to residence;
	contains provisions relating to trading and property income and income from other sources;
	contains special provisions for companies affecting the calculation of income, such as those for loan relationships, derivative contracts and intangible fixed assets;
	contains provisions governing particular types of expenditure, for example, expenditure on research and development and films; and
	will take the place of many provisions within ICTA, FA 1996, FA 2001 and FA 2002 as the main Act for the areas of corporation tax covered by this Act.
18.The Act has 1330 sections and four Schedules.
19.The sections are arranged as follows:
	Part 1: Introduction
	Part 2: Charge to corporation tax: basic provisions
	Part 3: Trading income
	Part 4: Property income
	Part 5: Loan relationships
	Part 6: Relationships treated as loan relationships etc
	Part 7: Derivative contracts
	Part 8: Intangible fixed assets
	Part 9: Intellectual property: know-how and patents
	Part 10: Miscellaneous income
	Part 11: Relief for particular employee share acquisition schemes
	Part 12: Other relief for employee share acquisitions
	Part 13: Additional relief for expenditure on research and development
	Part 14: Remediation of contaminated land
	Part 15: Film production
	Part 16: Companies with investment business
	Part 17: Partnerships
	Part 18: Unremittable income
	Part 19: General exemptions
	Part 20: General calculation rules
	Part 21: Other general provisions
20.The Schedules are:
	Schedule 1: Minor and consequential amendments
	Schedule 2: Transitionals and savings
	Schedule 3: Repeals and revocations
	Schedule 4: Index of defined expressions
21.Tables of Origins and Destinations have also been prepared. The Table of Destinations shows the destination not only of repealed provisions but of all provisions rewritten in the Act.