Part 3Income tax, corporation tax and capital gains tax
Chapter 2Other provisions
Derivative contracts
83Derivative contracts
1
The following shall have effect—
a
Schedule 26 to this Act (which makes provision for the taxation of derivative contracts);
b
Schedule 27 to this Act (which makes minor and consequential amendments relating to the taxation of derivative contracts); and
c
Schedule 28 to this Act (which contains transitional provisions etc in connection with the coming into force of this section and Schedules 26 and 27).
2
Sections 147 to 175 and 177 of the Finance Act 1994 (c. 9) (which make provision for the taxation of interest rate and currency contracts) shall cease to have effect.
3
This section has effect in relation to accounting periods beginning on or after 1st October 2002.
4
Subsection (3) is subject to any specific provision of Schedule 28.