{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-607",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-607.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/607",
  "kind": "section",
  "number": "607",
  "heading": "Pre-contract or abortive expenses",
  "text": "(1) This section applies if—\n(a) a company may enter into a derivative contract or related transaction but has not yet done so,\n(b) it incurs any expenses for purposes connected—\n(i) with entering into it, or\n(ii) with giving effect to any obligation which might arise under it, and\n(c) had the company entered into the contract or transaction, the expenses would be expenses within section 594A(1)(b).\n(2) The expenses are treated as expenses in relation to which debits may be brought into account in accordance with section 595(2) to the same extent as if the company had entered into the contract or transaction.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 607(1)(c) substituted (with effect in accordance with Sch. 7 Pt. 6 of the amending Act) by Finance (No. 2) Act 2015 (c. 33), Sch. 7 para. 70(2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 607(2) substituted (with effect in accordance with Sch. 7 Pt. 6 of the amending Act) by Finance (No. 2) Act 2015 (c. 33), Sch. 7 para. 70(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/607",
    "retrieved_at": "2026-10-29T09:11:19.560467+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}