xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"
Modifications etc. (not altering text)
C1Sch. 27 extended (retrospective to 30.9.2002) by Finance Act 2003 (c. 14), s. 177(4)(8)(11)
3F1(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.
(2)At the end of the first sentence of that section (as amended by sub-paragraph (1)) insert—
“(2)For the purposes of corporation tax, any gain arising to any company in the course of dealing in financial futures or in qualifying options, which apart from this subsection would constitute profits or gains chargeable to tax under Schedule D otherwise than as the profits of a trade, shall not be chargeable to tax under Case V or VI of Schedule D.”.
(3)At the beginning of the second sentence (and after subsection (2) as inserted by sub-paragraph (2)) insert “(3)”.
Textual Amendments
F1Sch. 27 para. 3(1) repealed (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 3 (with Sch. 2)