[809FZG Derivatives]
Income Tax Act 2007 (2007 c 3) | Legislation

[Average holding period: derivatives and hedging]

[809FZG Ìý¶Ù±ð°ù¾±±¹²¹³Ù¾±±¹±ð²õ±Õ

[(1)     A derivative contract entered into for the purposes of an investment scheme is an investment, subject to the following provisions of this section.

(2)     The value invested in the derivative contract is—

(a)     where the contract is an option, the cost of acquiring the option (whether from the grantor or another person),

(b)     where the contract is a future, the price specified in the contract for the

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