FTTTX CORPORATION TAX – Derivative contracts – Derecognition of financial asset – Whether accounting debit fairly represents a loss from derivative contracts – Whether necessary to meet requirements of paragraph 15 of schedule 26 to Finance Act 2002 if debit within paragraph 25A of that schedule – Whether transfer pricing provisions of schedule 28AA Income and Corporations Taxes Act 1988 applicable – Appeal dismissed
[2016] UKFTT 526 (TC)
Bailii
England and Wales
Corporation Tax
Updated: 21 January 2022; Ref: scu.567979
