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2(1)  Corporation tax is charged on profits of companies for any financial year for which an Act so provides.

2(2)  In this Part “profits” means income and chargeable gains, except in so far as the context otherwise requires.

2(2A)  But in subsection (2) “chargeable gains” does not include gains chargeable to capital gains tax under–

(a)section 2B of TCGA 1992 (companies etc chargeable to capital gains tax on ATED-related gains on relevant high value disposals), or

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