{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-690",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-690.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/690",
  "kind": "section",
  "number": "690",
  "heading": "Amount B",
  "text": "(1) In section 688, amount B is the highest 60 day minimum amount for the post-change period.\n(2) The highest 60 day minimum amount for the post-change period is found as follows.\nStep 1 Find the daily amounts of the company's capital over the post-change period.\nStep 2 Take the highest of the daily amounts.\nStep 3 Find out whether there was in the post-change period 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 post-change period. 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 post-change period is found.\n(3) In this section “the post-change period” means the period of 5 years beginning with the change in ownership.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in s. 690(3) substituted (with effect in accordance with Sch. 4 para. 190 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 83(1) (with Sch. 4 para. 83(2))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/690",
    "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."
}