Commentary

D1.884 Derivative contracts relating to land or tangible assets

Corporate tax
Corporate tax | Commentary

D1.884 Derivative contracts relating to land or tangible assets

Corporate tax | Commentary

D1.884 Derivative contracts relating to land or tangible assets

Where a company is a party to a derivative contract (which was entered into after 31 July 2004 in an accounting period ending after 16 September 2004), otherwise than for the purposes of a trade carried on by it and the company is not an excluded body1, any gains or losses arising on the contract are treated as giving rise to chargeable gains or allowable losses for the purposes of corporation tax on chargeable gains on the basis on which such gains and losses are reflected in its accounts2 if the

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