# Corporation Tax Act 2009, Section 582: “Contract for differences”

Extent: E+W+S+N.I.

(1) In this Part “contract for differences” means a contract the purpose or pretended purpose of which is to make a profit or avoid a loss by reference to fluctuations in—
(a) the value or price of property described in the contract, or
(b) an index or other factor designated in the contract.
and includes a contract which falls within section 6(2) of, or paragraph 1(1) of Schedule 2 to, the Energy Act 2013.
(2) But none of the following is a contract for differences—
(a) an option,
(b) a future,
(c) a contract of insurance,
(d) a capital redemption policy,
(e) a contract of indemnity,
(f) a guarantee,
(g) a warranty, or
(h) a loan relationship.
(3) For the purposes of subsection (1)(b), an index or factor may be determined by reference to any matter.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/582 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-582
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.