Statute
Section 984 — Income Tax Act 2007: Meaning of “financial instrument”
Text of the provision Official document
Meaning of “financial instrument” 984 1 In this Part “ financial instrument ” includes—
a any money, b any shares or securities, c an option, future or contract for differences if its underlying subject-matter is (or is primarily) one or more financial instruments, and d an instrument the underlying subject-matter of which is (or is primarily) creditworthiness.
2 For the purposes of subsection (1) if the effect of an instrument depends on an index or factor, the “underlying” subject-matter of the instrument is the matter by reference to which the index or factor is determined.
Official source: legislation.gov.uk
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