Commentary

D8.113 Capital profits or gains of authorised investment funds

Corporate tax
Corporate tax | Commentary

D8.113 Capital profits or gains of authorised investment funds

Corporate tax | Commentary

D8.113 Capital profits or gains of authorised investment funds

General

If any profits or losses arising to an authorised investment fund from a creditor relationship or derivative contract in an accounting period are capital profits, gains or losses, those profits, gains or losses are not brought into account as credits or debits1.

Where the authorised investment fund prepares accounts in accordance with UK generally accepted accounting practice, capital profits, gains or losses arising from a creditor relationship in an accounting period or from a derivative contract in an accounting period are such profits or losses that are dealt with under the heading 'net capital gains/losses' in the statement of total return for the

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