SCHEDULES

SCHEDULE 29 U.K.Gains and losses of a company from intangible fixed assets

Modifications etc. (not altering text)

C1 Sch. 29 applied (with modifications) (15.8.2002) by S.I. 2002/1967, regs. 3-6

Part 10 U.K.Excluded assets

Assets entirely excluded: financial assets U.K.

75 (1) This Schedule does not apply to financial assets.

(2) “Financial asset” here has the meaning it has for accounting purposes.

(3) The expression includes—

[F1 (a)loan relationships]

[F2 (b) derivative contracts (see Part 2 of Schedule 26 to this Act),]

(c) contracts or policies of insurance or capital redemption policies, and

(d) rights under a collective investment scheme within the meaning of the Financial Services and Markets Act 2000 (c. 8) (see section 235 of that Act).

Textual Amendments

F1 Sch. 29 para. 75(3)(a) substituted (with effect as mentioned in s. 79(3) of the amending Act) by 2002 c. 23, s. 79, Sch. 23 Pt. 2 para. 24(2)

F2 Sch. 29 para. 75(3)(b) substituted (with effect as mentioned in s. 83(3)(4) of the amneding Act) by 2002 c. 23, s. 83, Sch. 27 para. 26