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Corporation Tax Act 2009 section 86-87
Existing assets representing creditor relationships: contracts for differences
Sections 86 and 87 deal with transitional rules for derivative contracts that are embedded in existing creditor relationships (loan-type assets) where those assets are subject to special transitional treatment under Finance Act 2004, and explain how disposals of those assets are handled for chargeable gains purposes, including where a share reorganisation has occurred.
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