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Legislation
Corporation Tax Act 2010

Crossheading Exceptions to section 1008

  • Section 1009 Securities reflecting dividends on certain shares etc: exclusion of section 1008
  • Section 1010 Meaning of “qualifying index” in section 1009
  • Section 1011 Meaning of “associated company” in section 1009
  • Section 1012 Hedging arrangements
  • Section 1013 Exception to section 1012
  • Section 1014 Meaning of “hedging arrangements”
  1. Exceptions to section 1008
  2. Meaning of “qualifying index” in section 1009

Section 1010 | Meaning of “qualifying index” in section 1009

From legislation.gov.uk

(1)In section 1009 “qualifying index” means an index which meets the conditions in subsections (2) and (3).

(2)The underlying subject matter of the index must include both—

(a)shares that meet the description in section 1009(1)(b), and

(b)shares that do not meet that description.

(3)Shares that do not meet the description in section 1009(1)(b) must represent a significant proportion of the market value of the underlying subject matter of the index.

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