Schedule 1: Consequential Amendments Taxation of Chargeable Gains Act 1992 Section 148A Futures and options involving guaranteed returns
3487.This new section of TCGA prevents a profit or gain chargeable under Chapter 12 of Part 4 of this Act from being taxed again under TCGA or losses under that Chapter from being relieved other than under the provisions of new section 836B of ICTA (what is now Schedule D Case VI losses). It is based on paragraph 1 of Schedule 5AA to ICTA.