Corporation Tax Act 2009 Explanatory Notes

Section 640: Credits and debits not to be brought into account under Part 5

1764.This section disapplies section 574 to “relevant credits and debits” in respect of a derivative contract to which one of the provisions listed in subsection (2) applies. It is based on paragraph 45A(1) and (2) of Schedule 26 to FA 2002.

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