Corporation Tax Act 2009 section 606E

Counterfactual currency movement assumptions: treatment of options

Section 606E dealt with how options were to be treated when applying hypothetical currency movement assumptions, but this section has been removed from the legislation.

• Section 606E was part of a group of provisions (sections 606A to 606H) relating to counterfactual currency movement assumptions
• These provisions addressed how options should be treated when constructing hypothetical scenarios about currency movements for tax purposes
• All of these sections were removed from the Corporation Tax Act 2009 by the Finance (No. 2) Act 2015
• The removal took effect for accounting periods beginning on or after 1 January 2016