# Corporation Tax Act 2010, Section 690: Amount B

Extent: E+W+S+N.I.

(1) In section 688, amount B is the highest 60 day minimum amount for the post-change period.
(2) The highest 60 day minimum amount for the post-change period is found as follows.
Step 1 Find the daily amounts of the company's capital over the post-change period.
Step 2 Take the highest of the daily amounts.
Step 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.
Step 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.
(3) In this section “the post-change period” means the period of 5 years beginning with the change in ownership.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/690 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-690
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.