Related Commentary  Related HMRC Manuals

645(1)  This section applies to a derivative contract of a company for an accounting period if each of conditions A to E is met.

645(2)  Condition A is that the derivative contract is a relevant contract to which the company is treated as a party under section 585(2) (loan relationships with embedded derivatives) because of a creditor relationship of the company.

645(3)  Condition B is that the derivative contract is treated as an option by section 585(3) (contract treated as option, future or contract for differences).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.