Part 3Income tax, corporation tax and capital gains tax

Chapter 2Other provisions

Derivative contracts

83 Derivative contracts

(1)

The following shall have effect—

F1(a)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(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).

F2(2)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(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.