What are ‘relevant contracts’?

For the purpose of regulation 2(2)(b) and 3 of the Investment Transactions (Tax) Regulations 2014 ‘relevant contract’ has the same meaning as detailed in Part 7 of the Corporation Tax Act 2009 (CTA09). A ‘relevant contract’ is

An option;

A future; or

A contract for differences.

These three terms are defined in S.580, S.581 and S.582 respectively of CTA09. There is guidance at CFM50320 onwards about their meaning.This is subject to paragraphs (2) to (4) of the Investment Transactions (Tax) Regulations 2014.

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