# Corporation Tax Act 2009, Section 469: Creditors who are financial traders


(1) This section sets out the conditions referred to in section 468(1)(a).
(2) Condition A is that the creditor disposes of or acquires assets representing creditor relationships in the course of carrying on any activities forming an integral part of a trade carried on by it in the accounting period.
(3) Condition B is that the asset representing the creditor relationship was acquired in the course of those activities.
(4) Condition C is that that asset—
(a) is listed on a recognised stock exchange at the end of that period, or
(b) is a security the redemption of which must occur within 12 months of its issue.
(5) Condition D is that there is a time in that period when assets of the same kind as the asset representing the creditor relationship are beneficially owned by persons other than the creditor.
(6) Condition E is that in that period there is not more than 3 months in total during which the equivalent of at least 30% of the assets of that kind is beneficially owned by connected companies.
(7) Section 470 supplements this section.

---
Source: https://www.legislation.gov.uk/ukpga/2009/4/section/469 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-469
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.