143 Commodity and financial futures and traded options
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

143  Commodity and financial futures and traded options

(1)     If, apart from [section 981 of CTA 2009] [and section 779 of ITTOIA 2005], gains arising to any person in the course of dealing in commodity or financial futures or in qualifying options would constitute, for the purposes of the Tax Acts, profits or gains [chargeable to tax—

(a)     under [Chapter 8 of Part 10 of CTA 2009], or

(b)     under Chapter 8 of Part 5 of ITTOIA 2005,

then] his outstanding obligations under any futures contract entered into in the course of that dealing and any qualifying option granted or acquired in the course of that dealing shall be regarded as assets to the disposal of which this Act applies.

(2)     In subsection (1) above—

(a)     “commodity or financial futures” means commodity futures or financial futures which are for the time being dealt in on a recognised futures exchange; and

(b)

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