Corporation Tax Act 2009 section 606B

Meaning of "relevant exchange gain" and "relevant exchange loss"

Section 606B previously defined what constituted a "relevant exchange gain" and a "relevant exchange loss" for corporation tax purposes, but this section has been removed from the legislation.

• Section 606B was part of a group of provisions (sections 606A to 606H) dealing with exchange gains and losses
• 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
• Companies with accounting periods straddling 1 January 2016 may need to consider transitional rules