{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-938V",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-938V.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/938V",
  "kind": "section",
  "number": "938V",
  "heading": "Priority",
  "text": "For the purposes of this Part the following provisions are to be treated as of no effect—\n(a) section 441 of CTA 2009 (loan relationships for unallowable purposes);\n(b) section 690 of that Act (derivative contracts for unallowable purposes);\n(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(ca) Part 6A of TIOPA 2010 (hybrid and other mismatches);\n(d) Part 10 of that Act (corporate interest restriction).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 21BA inserted (with effect in accordance with Sch. 20 para. 6 of the amending Act) by Finance Act 2013 (c. 29), Sch. 20 para. 3"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 938V(c) omitted (with effect in accordance with Sch. 10 para. 22(b) of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 10 para. 8(a)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "S. 938V(ca) inserted (15.9.2016) by Finance Act 2016 (c. 24), Sch. 10 para. 8(b)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "S. 938V(d) substituted (with effect in accordance with Sch. 5 para. 25(1)(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 9"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/938V",
    "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."
}