SCHEDULES

SCHEDULE 7Loan relationships and derivative contracts

PART 2Derivative contracts: amendments of Part 7 of CTA 2009

91

In section 691 (meaning of “unallowable purpose”), after subsection (1) insert—

1A

In subsection (1)(b) “related transaction”, in relation to a derivative contract, includes anything which equates in substance to a disposal or acquisition of the kind mentioned in section 596(1) (as read with section 596(2)).