# Corporation Tax Act 2010, Paragraph 70


The repeal by this Act of section 56(3)(c) of ICTA (exemption from corporation tax for profits and gains arising to charitable company from transactions in deposits) does not affect the application of that provision in relation to the disposal or exercise of—
(a) a right to receive an amount stated in a certificate of deposit (as defined by section 56(5) of ICTA), or interest on such an amount, or
(b) a right under an arrangement of a kind mentioned in section 56A(1) of ICTA,
if the right was in existence before 1 April 1996.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/schedule/2/paragraph/70 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/schedule-2/paragraph-70
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.