F(2)A15/SCH7/PARAS120-129

The changes made to the derivative contracts provisions by F(2)A15 affected not only the time at which amounts were to be brought into account for tax, but also, to a more limited extent, the scope. Further, in some cases adjustments could be very large, so transitional amounts were spread over several accounting periods. Accordingly, there is some complexity in the rules. The pattern of the rules follows that for loan relationships.

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