C1C2Part 5Loan Relationships

Annotations:
Modifications etc. (not altering text)
C1

Pt. 5 applied (with effect in accordance with Sch. 24 paras. 13-16 of the amending Act) by Finance Act 2009 (c. 10), Sch. 24 para. 15(2)(3)

C2

Pt. 5 applied (with modifications) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 990(5), 1184(1) (with Sch. 2)

Chapter 9Partnerships involving companies

382Company partners using fair value accounting

1

This section applies if a company partner uses fair value accounting in relation to its interest in the firm.

2

The credits and debits to be brought into account by the company partner under section 380(3) are to be determined on the basis of fair value accounting.