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Corporation Tax Act 2010

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This is the original version (as it was originally enacted).

877Sum obtained in respect of interest
This section has no associated Explanatory Notes

A reference in this Chapter to a sum obtained in respect of an interest in an asset (whether the lessee’s interest in a lease of the asset or the lessor’s interest or any other interest) includes a reference to—

(a)insurance money obtained in respect of the interest, and

(b)sums representing money or money’s worth obtained in respect of the interest by a transaction or series of transactions disposing of it.

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