625 Group member replacing another as party to derivative contract
Corporation Tax Act 2009 (2009 c 4) | Legislation

Group member replacing another as party to derivative contract

625  Group member replacing another as party to derivative contract

(1)     This section applies if—

(a)     there is a transaction within section 626(2) or a series of transactions within section 626(3),

(b)     as a result one of the companies involved (“the transferee”) directly or indirectly replaces the other (“the transferor”) as a party to a derivative contract.

(2)     The credits and debits to be brought into account in accordance

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