Commentary on Sections Overview Chapter 8: Further provision about chargeable gains and derivative contracts Section 673: Meaning of G, L and CV in section 672
1877.This section provides the meaning of labels used in the calculations made under section 672(2). It is based on paragraphs 12(1) and (11B) and 45HZA(5) and (6) of Schedule 26 to FA 2002.
1878.The definitions of “G”, “L” and “CV” are similar to those in section 671 but modified for the purposes of section 672. See the commentary on section 671.