583 “Underlying subject matter”
Corporation Tax Act 2009 (2009 c 4) | Legislation

583  “Underlying subject matter”

(1)     In this Part references to the underlying subject matter of a relevant contract are to be read as follows.

(2)     The underlying subject matter of an option is—

(a)     the property which would fall to be delivered if the option were exercised, or

(b)     if the property which would so fall is a derivative contract, the underlying subject matter of that contract.

(3)     The underlying subject matter of a future

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