Commentary on Sections Overview Overview Section 567: Gains on deemed surrenders to be brought into account on related transactions
1482.This section provides that gains that accrued as a result of that deemed surrender are brought into account in the accounting period in which there is a related transaction. It is based on paragraphs 6(2) to (4) of Schedule 13 to FA 2008.
1483.The deemed gain that is brought into account is apportioned where the company is still party to the contract after the related transaction.