584 Hybrid derivatives with embedded derivatives
Corporation Tax Act 2009 (2009 c 4) | Legislation

Cases where companies treated as parties to relevant contracts

584  Hybrid derivatives with embedded derivatives

(1)     This section applies if—

(a)     a company is a party to a relevant contract which meets the condition in section 579(1)(b) or (c) (contracts not treated for accounting purposes as derivatives),

(b)     in accordance with generally accepted accounting practice, the company treats the rights and liabilities under the contract

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