The Finance Act 2002, Schedule 26, Parts 2 and 9 (Amendment) Order 2004
PART 1Introduction
1Citation, commencement and effect
PART 2Amendment of Part 2 of Schedule 26 to the Finance Act 2002
2Part 2 of Schedule 26 to the Finance Act 2002...
3In paragraph 2, for sub-paragraph (1) substitute—
4In paragraph 3— (a) for sub-paragraph (1)(b) substitute—
5In paragraph 4— (a) after sub-paragraph (1) insert—
6In paragraph 5(2)(b)— (a) at the end of sub-paragraph (i)...
7After paragraph 5 insert— Qualified exclusion: embedded derivatives whose underlying...
8In paragraph 6— (a) omit sub-paragraph (1);
9In paragraph 7— (a) omit sub-paragraph (1);
10In paragraph 8— (a) omit sub-paragraph (1);
11In paragraph 9— (a) in sub-paragraph (1) for “any of...
12At the end of paragraph 11 add—
13(1) Paragraph 12 is amended as follows.
PART 3Amendment of Part 9
14Part 9 of Schedule 26 to the Finance Act 2002...
15After paragraph 45 insert— Derivative contracts which are to be...
16In paragraph 46(2)(a)— (a) for “(a)” substitute “(c)”;
17Omit paragraph 47.
PART 4Consequential amendments
18In Part 8 of Schedule 26 to the Finance Act...
19(1) In Part 10 of Schedule 26 to the Finance...

2004 No. 2201

INCOME TAX

The Finance Act 2002, Schedule 26, Parts 2 and 9 (Amendment) Order 2004

Made

Laid before House of Commons

Coming into force

The Treasury, in exercise of the powers conferred upon them by paragraph 13 of Schedule 26 to the Finance Act 20021 make the following Order: