[809FZH Hedging: exchange gains and losses]
Income Tax Act 2007 (2007 c 3) | Legislation

[809FZH  Hedging: exchange gains and losses]

[(1)     This section applies where—

(a)     an investment scheme has a hedging relationship between a relevant instrument and a relevant investment, and

(b)     the hedging relationship relates to exchange gains or losses.

(2)     In this section—

“relevant instrument” means a derivative contract or a liability representing a loan relationship, and

“relevant investment” means—

(a)     where the relevant

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