Examples of CTA09/S641 and S642 treatment applying to accounting periods beginning on or after 1 January 2005

Example 1

On 1 February 2008, in its accounting period ending 31 December 2008, a company, X Ltd, acquires a convertible security issued by an unrelated trading company, Z plc. The security matures on 30 June 2009, and is convertible into ordinary shares in Z plc.

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