Commentary

D7.434 Chargeable gains—matched assets

Corporate tax
Corporate tax | Commentary

D7.434 Chargeable gains—matched assets

Corporate tax | Commentary

D7.434 Chargeable gains—matched assets

The rules in this division apply for accounting periods beginning on or after 1 January 2013. For accounting periods beginning before 1 January 2013 see Division D7.5.

In order for an asset to meet the definition of 'matched' to a liability the income or other return from the asset must be allocated to the appropriate category of business as a result of a contractual requirement imposed on the company. The definition therefore has a degree of similarity with the concept of linked assets in the pre-2013 legislation (and indeed assets that met that definition that for tax

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