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Legislation

Corporation Tax Act 2009

Crossheading Rules differing from generally accepted accounting practice

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Section 320 Credits and debits treated as relating to capital expenditure
Section 320A Amounts recognised in other comprehensive income and not transferred to profit or loss
Section 320B Hybrid capital instruments: amounts recognised in equity
Section 321 Credits and debits recognised in equity
Section 321A Restriction on debits resulting from release of loans to participators etc
Section 322 Release of debts: cases where credits not required to be brought into account
Section 323 Meaning of expressions relating to insolvency etc
Section 323A Substantial modification: cases where credits not required to be brought into account
Section 323B Insurers in financial difficulties: write-down orders
Section 324 Restriction on debits resulting from revaluation
Section 325 Restriction on credits resulting from reversal of disallowed debits
Section 326 Writing off government investments
Section 327 Disallowance of imported losses etc

Corporation Tax Act 2009
Rules differing from generally accepted accounting practice

Section 321 | Credits and debits recognised in equity

From legislation.gov.uk

1 April 2026

Provision repealed

The source marks this provision as repealed and does not provide content for this version.

Repealed^F1

Notes

F1
S. 321 omitted (with effect in accordance with Sch. 7 Pt. 6 of the amending Act) by virtue of Finance (No. 2) Act 2015 (c. 33), Sch. 7 para. 15

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