Corporate tax | Commentary

D9.420 General

Corporate tax | Commentary

Accrued income profits and losses

D9.420 General

A person who carries out a disposal or acquisition of securities may be treated as making an accrued income profit (AIP) or an accrued income loss (AIL) in an interest period.

A calculation is made for each type of security and for each interest period1 to determine the amount (A) of deemed payments made to the person and the amount (B) of deemed payments made by him. Where there is more than one transaction in a particular security in the same interest period, the results are aggregated.

Where A exceeds B, the person is

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