Where a company ceases to be resident in the UK after 16 March 2004, it is deemed to have disposed of and reacquired at a fair value the rights and liabilities under its derivative contracts1. This rule does not apply if the rights and liabilities continue to be held by the company for the purposes of a UK permanent establishment and for times on or after 1 January 2020 where the company remains a party to the derivative contract for the
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 16:30