CTA09/S585(4)

Expenses relating to derivative contracts

CTA09/S595(4) sets out the scope of the expenses to be brought into account for tax purposes. They must be incurred directly on one of four activities specified in the legislation. Since CTA09/S595(3)(b) covers expenses incurred either ‘under’ or ‘for the purposes of’ a company's derivative contracts, it is not necessary to decide whether the payment is made under the contractual terms of the derivative, or as part of a separate contract.

The following table sets out the four types of expenses – the examples are for illustration only, and do not exhaust the possibilities.

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.