579 The accounting conditions
Corporation Tax Act 2009 (2009 c 4) | Legislation

579  The accounting conditions

(1)     The accounting conditions for any accounting period are that—

(a)     the relevant contract is treated for accounting purposes as a derivative,

(b)     the relevant contract—

(i)     is not so treated just because of not meeting the requirement in paragraph 9(b) of Financial Reporting Standard 26 issued in December 2004 by the Accounting Standards Board (requirement for no initial net investment or smaller initial net investment than comparable types of contract), but

(ii)     is or forms part of a financial asset or liability for accounting purposes, or

(c)

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