589 Contracts excluded because of underlying subject matter: general
Corporation Tax Act 2009 (2009 c 4) | Legislation

Exclusions from derivative contracts

589  Contracts excluded because of underlying subject matter: general

(1)     A relevant contract is not a derivative contract for the purposes of this Part if its underlying subject matter—

(a)     consists wholly of excluded property (see subsections (2) to (5)), or

(b)     is treated as consisting wholly of such property.

(2)     “Excluded property”

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