483 Exchange gains and losses: amounts treated as money debts
Corporation Tax Act 2009 (2009 c 4) | Legislation

Meaning of “money debt” and “interest” in this Chapter

483  Exchange gains and losses: amounts treated as money debts

(1)     This section applies for the purposes of this Chapter so far as relating to exchange gains and losses.

(2)     Any currency held by a company is treated as a money debt owed to the company.

(3)     A provision made by a company for the purposes of its statutory accounts in respect of a liability to which the company may become subject is treated

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