PART 2Amendment of Part 2 of Schedule 26 to the Finance Act 2002
4
In paragraph 3—
a
for sub-paragraph (1)(b) substitute—
b
in the case of a relevant contract which is not treated as mentioned in paragraph (a), it is a relevant contract to which paragraph 6, 7, or 8 applies, or
b
in sub-paragraph (1)(c) for “is not treated as described in” substitute “does not fall within”;
c
for sub-paragraph (2)(b) substitute—
b
it is a contract for differences whose underlying subject matter is—
i
land (wherever situated),
ii
tangible movable property, other than commodities which are tangible assets,
iii
intangible fixed assets,
iv
weather conditions, and
v
creditworthiness.
d
omit sub-paragraph (4); and
e
in sub-paragraph (5)—
i
for “sub-paragraphs (3) and (4)” substitute “sub-paragraph (3)”; and
ii
in paragraph (b) omit “or financial assets”.