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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. Profits and losses to be calculated using credits and debits given by this Part

Section 572 | Profits and losses to be calculated using credits and debits given by this Part

From legislation.gov.uk

(1)Profits and losses arising to a company from its derivative contracts are to be calculated using the credits and debits given by this Part.

(2)For exceptions to this section, see sections 652 to 658 (issuers of securities with embedded derivatives: deemed options and contracts for differences).

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