Corporation Tax Act 2009 Explanatory Notes

Section 621: Company partners using fair value accounting

1700.This section applies fair value accounting, in determining under section 620 the company partner’s share of the credits and debits arising in respect of the firm’s derivative contracts, if that company partner uses fair value accounting in relation to its interest in the firm. It is based on paragraph 50 of Schedule 26 to FA 2002.

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