SCHEDULES
SCHEDULE 15Tax treatment of financing costs and income
Part 2Application of this Schedule
11Relevant dealing in financial instruments
1
In this Part “financial instrument” means anything that is a financial instrument for any purpose of the FSA Handbook.
2
For the purposes of this Part, 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 paragraph “broker” includes any person offering to sell securities to, or purchase securities from, members of the public generally.