Statute
Section 676DE — Corporation Tax Act 2010: Meaning of “amount of profits which represents a relevant gain”
Text of the provision Official document
Meaning of “amount of profits which represents a relevant gain” 676DE 1 In this Chapter, the amount of any profits which represents a relevant gain is found by comparing—
a the amount (“Y”) of the relevant gain, with b the amount (“Z”) which is included in respect of chargeable gains or, as the case may be, non-trading chargeable realisation gains for the accounting period concerned.
2 If Y does not exceed Z, the amount of the profits which represents the relevant gain equals Y.
3 If Y exceeds Z, the amount of those profits equals Z.
Official source: legislation.gov.uk
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