{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-793A",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-793A.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/793A",
  "kind": "section",
  "number": "793A",
  "heading": "Effect of election under section 792",
  "text": "(1) This section applies if an election is made under section 792.\n(2) If subsection (2) of section 793 applies to B the gain, or the part specified in the election, is treated as if it had accrued to B at the relevant time as a non-trading credit for the purposes of Chapter 6 (how credits and debits are given effect).\n(3) If subsection (3) of section 793 applies to B the gain, or the part specified in the election, is treated—\n(a) as if it had accrued to B at the relevant time as a non-trading credit for the purposes of Chapter 6, and\n(b) as if it had accrued in respect of an asset held for the purposes of a permanent establishment of B in the United Kingdom.\n(4) If subsection (3A) of section 793 applies to B the gain, or the part specified in the election, is treated for the purposes of Chapter 6 as if it had accrued to B at the relevant time as a credit in respect of an asset held for the purposes of B's trade of dealing in or developing UK land.\n(5) If subsection (3B) of section 793 applies to B the gain, or the part specified in the election, is treated for the purposes of Chapter 6 as if it had accrued to B at the relevant time as a credit in respect of an asset held for the purposes of B's UK property business.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 793A inserted (6.4.2020) by Finance Act 2019 (c. 1), Sch. 5 paras. 25, 35 (with Sch. 5 para. 36)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/793A",
    "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."
}