# The European Single Currency (Taxes) Regulations 1998, Regulation 5: Trading companies


Costs incurred in respect of a euroconversion of its shares or other securities by a company carrying on a trade shall be deductible in computing the amount of its profits chargeable to corporation tax under Case I of Schedule D as if those costs constituted money wholly and exclusively laid out or expended for the purposes of the trade within section 74(1)(a) of the Taxes Act.

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Source: https://www.legislation.gov.uk/uksi/1998/3177/regulation/5 (the official version)
Page: https://openlegislation.uk/european-single-currency-taxes-regulations-1998/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.