Corporation Tax Act 2010 section 937A

Overview

Section 937A provides an overview of Part 21A, which contains rules about how certain losses arising from risk transfer schemes are treated for corporation tax purposes.

• Part 21A deals specifically with losses that companies incur as a result of risk transfer schemes.
• A risk transfer scheme is an arrangement where financial risk is shifted from one party to another, and losses may arise as a consequence.
• The rules in this Part set out how such losses should be treated when calculating a company's corporation tax liability.
• This overview section serves as an introduction and signpost to the more detailed provisions that follow within Part 21A.