Statute
Section 596 — Corporation Tax Act 2009: Meaning of “related transaction”
Text of the provision Official document
Meaning of “related transaction” 596 1 In this Part “ related transaction ”, in relation to a derivative contract, means any disposal or acquisition (in whole or in part) of rights or liabilities under the contract.
2 For this purpose the cases where there is taken to be such a disposal or acquisition include—
a those where rights or liabilities under the derivative contract are transferred or extinguished by any sale, gift, surrender or release, and b those where the contract is discharged by performance in accordance with its terms.
Official source: legislation.gov.uk
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