Taxation (International and Other Provisions) Act 2010

270Relevant dealing in financial instrumentsU.K.

This adran has no associated Nodiadau Esboniadol

[F1(1)In this Chapter “financial instrument” means—

(a)anything that is a financial instrument for any purpose of the [F2FCA Handbook or the PRA Handbook] , or

(b)an instrument not within paragraph (a) that is an option, future or contract for differences.

(1A)In this section “option”, “future” and “contract for differences” have the same meaning as in Part 7 of CTA 2009 (see sections 580 to 582 of that Act).]

(2)For the purposes of this Chapter, a dealing in a financial instrument is a “relevant dealing” if—

(a)it is a dealing other than in the capacity of a broker, and

(b)profits or losses on the dealing form part of the trading profits or losses of a business.

(3)In this section “broker” includes any person offering to sell securities to, or purchase securities from, members of the public generally.

Textual Amendments

F1S. 270(1)(1A) substituted for s. 270(1) (retrospectively) by Finance (No. 3) Act 2010 (c. 33), Sch. 5 paras. 9, 36(1)