Related Commentary  Related HMRC Manuals

400A(1)  This section applies where–

(a)section 400 applies in relation to an amount to be brought into account for an accounting period of a company (“company A”) in respect of a security, and

(b)conditions 1 to 3 are met.

400A(2)  Condition 1 is that company A is a party to a relevant hedging scheme at any time in the accounting period.

400A(3)  Condition 2 is that there is an increase in the relevant prices index between the times mentioned in subsection (1) of section 400.

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