Related Commentary  Related HMRC Manuals

640(1)  If any of the provisions in subsection (2) applies to a derivative contract of a company for an accounting period, section 574 (non-trading credits and debits to be brought into account under Part 5: loan relationships) does not apply to the relevant credits and debits.

640(2)  The provisions are–

(a)section 643 (contracts relating to land or certain tangible movable property),

(b)section 645 (creditor relationships: embedded derivatives which are options),

(c)section 648 (creditor relationships: embedded derivatives which are exactly tracking contracts for differences), and

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