{
  "url": "https://openlegislation.uk/finance-act-2020/schedule-6/paragraph-8",
  "json_url": "https://openlegislation.uk/finance-act-2020/schedule-6/paragraph-8.json",
  "legislation": "ukpga/2020/14",
  "legislation_title": "Finance Act 2020",
  "legislation_url": "https://openlegislation.uk/finance-act-2020",
  "path": "schedule/6/paragraph/8",
  "kind": "paragraph",
  "number": "8",
  "heading": null,
  "text": "In regulation 6A of the Loan Relationships and Derivative Contracts (Disregard and Bringing into Account of Profits and Losses) Regulations 2004—\n(a) in paragraph (5)(b), after “fair value” insert “ (but see paragraph (6)) ”, and\n(b) at the end insert—\n“(6) For the purposes of the definition of “the first relevant period” an accounting period of a company is to be ignored if—\n(a) the accounting period begins solely as a result of a disposal of an asset by the company, and\n(b) any gain accruing to the company on the disposal would be chargeable to corporation tax as a result of section 2B(4) of the Taxation of Chargeable Gains Act 1992.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2020/14/schedule/6/paragraph/8",
    "retrieved_at": "2026-10-29T09:01:44.314864+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."
}