658 Chargeable gain or allowable loss treated as accruing
Corporation Tax Act 2009 (2009 c 4) | Legislation

658  Chargeable gain or allowable loss treated as accruing

(1)     Subsection (2) applies if—

(a)     the debtor relationship mentioned in section 656(2) comes to an end, and

(b)     an amount (“the discharge amount”) is paid to discharge all the company's obligations under that relationship.

(2)     For the purposes of corporation tax on chargeable gains, a chargeable gain or allowable loss equal

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