{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-689",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-689.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/689",
  "kind": "section",
  "number": "689",
  "heading": "Amount A",
  "text": "(1) In section 688, amount A is the lower of—\n(a) the amount of the company's capital immediately before the change in ownership, and\n(b) the highest 60 day minimum amount for the pre-change year.\n(2) The highest 60 day minimum amount for the pre-change year is found as follows.\nStep 1 Find the daily amounts of the company's capital over the pre-change year.\nStep 2 Take the highest of the daily amounts.\nStep 3 Find out whether there was in the pre-change year a period of at least 60 days in which there was no daily amount lower than the amount taken.\nStep 4 If there was, the amount taken is the highest 60 day minimum amount for the pre-change year. If there was not, take the next highest of the daily amounts and repeat step 3; and so on, until the highest 60 day minimum amount for the pre-change year is found.\n(3) In this section “the pre-change year” means the period of one year ending immediately before the change in ownership.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/689",
    "retrieved_at": "2026-10-29T09:10:29.433154+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."
}