Taxation (International and Other Provisions) Act 2010 Explanatory Notes

Section 564J: Purchase and resale arrangements where return in foreign currency

769.This section sets out how to deal with purchase and resale arrangements in currencies other than sterling. It is based on section 48(1) of FA 2005. There is no explicit equivalent for corporation tax as currency matters are dealt with as an integral element of Parts 5 and 6 of CTA 2009.

Back to top