Commentary

C2.1011 Financial options

Capital gains tax
Capital gains tax | Commentary

C2.1011 Financial options

Capital gains tax | Commentary

C2.1011 Financial options

Financial options are not treated as wasting assets1. 'Financial options' are defined2 for this purpose as options which are not traded options (see C2.1010) but which:

  1.  

    (a)     relate to currency, shares, securities or an interest rate granted (otherwise than as an agent) by a member of a recognised stock exchange or by an authorised person (see below);

  2.  

    (b)     relate to shares or securities dealt in on a recognised stock exchange and granted to or by a member of that exchange acting as agent;

  3.  

    (c)     relate to currency, shares, securities or an interest rate granted to an authorised

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