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Legislation
Corporation Tax Act 2009

Crossheading General principles

  • Section 595 General principles about the bringing into account of credits and debits
  • Section 596 Meaning of “related transaction”
  1. General principles
  2. Meaning of “related transaction”

Section 596 | Meaning of “related transaction”

From legislation.gov.uk

(1)In this Part “related transaction”, in relation to a derivative contract, means any disposal or acquisition (in whole or in part) of rights or liabilities under the contract.

(2)For this purpose the cases where there is taken to be such a disposal or acquisition include—

(a)those where rights or liabilities under the derivative contract are transferred or extinguished by any sale, gift, surrender or release, and

(b)those where the contract is discharged by performance in accordance with its terms.

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