Part 15Deduction of income tax at source
Chapter 19General
Supplementary
980Derivative contracts: exception from duties to deduct
(1)
Despite the provisions of this Part, a company is not required to deduct a sum representing income tax from a payment made under a derivative contract to which this section applies.
(2)
This section applies to a derivative contract if profits and losses arising from it are calculated in accordance with F1Part 7 of CTA 2009 .