CITM6070 - Tax Relief: Corporate Investors - determination of corporation tax liability

FA02/SCH16/PARA20, FA02/SCH17/PARA5, FA88/SCH18/PARA8

Tax relief due under the CITR scheme is a relief or set-off against corporation tax chargeable on company profits.

It is given effect

after any

• reduction due in respect of marginal small companies’ relief, or
• relief for investment under the Corporate Venturing Scheme but before, but

before any

• double taxation relief or unilateral relief (ICTA88/s788, or ICTA88/s790), or
• relief for advance corporation tax or unrelieved surplus advance corporation tax.