665 Introduction to section 666
Corporation Tax Act 2009 (2009 c 4) | Legislation

Issuers of securities with embedded derivatives: equity instruments

665  Introduction to section 666

(1)     Section 666 (allowable loss treated as accruing) applies to a company for an accounting period if each of conditions A to F is met.

(2)     Condition A is that the company is treated as a party to a relevant contract under section 585(2) (loan relationships with embedded derivatives)

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