Section 571 — Corporation Tax Act 2009: General rule: profits chargeable as income

General rule: profits chargeable as income 571 1 The general rule for corporation tax purposes is that all profits arising to a company from its derivative contracts are chargeable to corporation tax as income in accordance with this Part.

2 But see Chapter 7, which makes provision for cases in which profits arising to a company from its derivative contracts are chargeable to corporation tax as chargeable gains.