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Legislation
Corporation Tax Act 2009

Crossheading How profits and losses from derivative contracts are dealt with

  • Section 571 General rule: profits chargeable as income
  • Section 572 Profits and losses to be calculated using credits and debits given by this Part
  • Section 573 Trading credits and debits to be brought into account under Part 3
  • Section 574 Non-trading credits and debits to be brought into account under Part 5
  1. How profits and losses from derivative contracts are dealt with
  2. General rule: profits chargeable as income

Section 571 | General rule: profits chargeable as income

From legislation.gov.uk

(1)The general rule for corporation tax purposes is that all profits arising to a company from its derivative contracts are chargeable to corporation tax as income in accordance with this Part.

(2)But see Chapter 7, which makes provision for cases in which profits arising to a company from its derivative contracts are chargeable to corporation tax as chargeable gains.

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