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Legislation
Corporation Tax Act 2009

Crossheading Application of fair value accounting

  • Section 600 Contract which is or forms part of financial asset or liability
  • Section 601 Contract relating to holding in OEIC, unit trust or offshore fund
  • Section 602 Contract becoming one relating to holding in OEIC, unit trust or offshore fund
  • Section 603 Associated transaction treated as derivative contract
  1. Application of fair value accounting
  2. Contract which is or forms part of financial asset or liability

Section 600 | Contract which is or forms part of financial asset or liability

From legislation.gov.uk

(1)This section applies to a derivative contract which meets the condition in section 579(1)(b) (contract which is or forms part of a financial asset or liability for accounting purposes).

(2)The amounts to be brought into account in accordance with this Part in respect of the contract are to be determined on the basis of fair value accounting.

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