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Legislation
Corporation Tax Act 2009

Crossheading Other general definitions

  • Section 702 “Tax-adjusted carrying value”
  • Section 703 “Chargeable asset”
  • Section 704 “Creditor relationship” and “debtor relationship”
  • Section 705 Expressions relating to exchange gains and losses
  • Section 706 “Excluded body”
  • Section 707 “Hedging relationship”
  • Section 708 “Plain vanilla contract”
  • Section 709 “Securities house”
  • Section 710 Other definitions
  1. Other general definitions
  2. “Plain vanilla contract”

Section 708 | “Plain vanilla contract”

From legislation.gov.uk

In this Part “plain vanilla contract” means a relevant contract other than one to which a company is treated as being a party under—

(a)section 584 (hybrid derivatives with embedded derivatives),

(b)section 585 (loan relationships with embedded derivatives), or

(c)section 586 (other contracts with embedded derivatives).

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