Related Commentary  Related HMRC Manuals

9A(1)  The designated currency of a UK resident investment company is the currency which the company elects as its designated currency.

9A(2)  An election under this section by a company (“X”) takes effect only if, at the time when it is to take effect (see section 9B(1))–

(a)X is a UK resident investment company, and

(b)Condition A or Condition B is met.

9A(3)  [Omitted by F(No. 2)A 2015, s. 34(4).]

9A(4)  Condition A is that a significant proportion of X's assets and liabilities are denominated in the currency.

9A(5)  Condition B is that–

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.