Commodity and financial futures

Chargeable gains

Legislation/Regulatory – ITTOIA2005 s. 779 ; TCGA92 s. 143, 148A-148C

HMRC Guidance – BIM39570 ; BIM39575 ; CFM50070 ; CFM50080 ; CFM50820 ; CFM50830 ; CFM83010 ; CFM83090 ; CFM83190 ; CFM83200 ; CFM85010 ; CFM85050 ; CG54160 ; CG55402 ; CG55566 ; CG56004 ; CG56027 ; CG56079 ; CG56084 ; CG56091 ; CG56100 ; CG56200 ; CTM47315 ; PIM2066 ; SAIM3040 ; SAIM7010 ; SAIM7040 ; SAIM7080

Dealing in

Generally

Legislation/Regulatory – ITTOIA2005 s. 779 ; SP 3/02 ; TCGA92 s. 143

Loss relief

Legislation/Regulatory – CTA2010 s. 52, Sch. 2, para. 21

Derivative contracts

Legislation/Regulatory – CTA2009 s. 581, 593

HMRC Guidance – CFM1107 ; CFM50250 ; CFM50320 ; CFM50360 ; CFM50710 ; CFM50860

Gains, corporation tax exemption

Legislation/Regulatory – CTA2009 s. 981

HMRC Guidance – CFM50070 ; CG55402 ; CG56004 ; CTM47315

Guaranteed returns from disposals

Charge to tax

Legislation/Regulatory – FA97 Sch. 11

HMRC Guidance – CFM83100

Civil proceedings for recovery of property

Legislation/Regulatory – PCA2002 Sch. 10, para. 8

Deemed disposal where futures run

Legislation/Regulatory – TCGA92 s. 148B, 148C

Running to deliver

Legislation/Regulatory – TCGA92 s. 148B, 148C

When disposals occur

Legislation/Regulatory – PCA2002 Sch. 10, para. 8

Investment trusts

Meaning

Legislation/Regulatory – SI 1978/1159 reg. 2 ; SI 1982/1236 reg. 2 ; TCGA92 s. 143(2)

HMRC Guidance – CG56021