Section 575 — Corporation Tax Act 2009: Overview of Chapter

Overview of Chapter 575 1 This Chapter makes provision about the contracts to which this Part applies.

2 In particular, it—

a contains a definition of “derivative contract” (see section 576),

b contains other definitions (such as “relevant contract”, “option”, “future” and “contract for differences”) which are used in determining whether a contract is a derivative contract (see sections 577 to 583),

c makes provision about cases in which companies are treated as parties to relevant contracts (see sections 584 to 586),

d provides for certain contracts and transactions to be treated as derivative contracts (see sections 587 and 588),

and e provides for certain contracts to be treated as not being derivative contracts because of their underlying subject matter (see sections 589 to 593).