Part 4Savings and investment income
Chapter 12Disposals of futures and options involving guaranteed returns
Charge to tax under Chapter 12
555Charge to tax under Chapter 12
(1)
Income tax is charged on profits and gains from a disposal of a future or option that is a disposal involving guaranteed returns.
(2)
Those profits and gains are treated as income for income tax purposes even if they would otherwise be taken to be a capital item.