SCHEDULES
SCHEDULE 29Gains and losses of a company from intangible fixed assets
Part 10Excluded assets
75Assets entirely excluded: financial assets
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—
a
money debts within the meaning of Chapter 2 of Part 4 of the Finance Act 1996 (c. 8) (loan relationships) (see section 81(2) of that Act),
b
qualifying contracts within Chapter 2 of Part 4 of the Finance Act 1994 (c. 9) (financial instruments) (see sections 147 to 148 of that 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).