CFM15600 - SI 2002 No. 1970
Preamble
SI2002/1970
The Exchange Gains and Losses (Bringing into Account Gains or Losses) Regulations 2002
| Made | 25 July 2002 |
| Laid before the House of Commons | 25 July 2002 |
| Coming into force | 1 October 2002 * |
The Treasury, in exercise of the powers conferred upon them by section 84A(8) to (10) of the Finance Act 1996 and paragraph 26(5) of Schedule 23, and paragraph 16(8) to (10) of Schedule 26, to the Finance Act 2002, hereby make the following regulations.
Table of contents
| CFM15601 | Regulation 1 | Citation, commencement and effect |
| CFM15602 | Regulation 2 | Interpretation |
| CFM15603 | Regulation 3 | Prescribed circumstances in which regulation 4 applies |
| CFM15604 | Regulation 4 | General rule for bringing amounts into account |
| CFM15605 | Regulation 5 | Calculation of the amount of any net gain or net loss for the purposes of regulation 4 |
| CFM15606 | Regulation 6 | Assets representing certain loan relationships and ships or aircraft |
| CFM15607 | Regulation 7 | Regulations 5 and 6: supplementary |
| CFM15608 | Regulation 8 | No gain/no loss disposals |
| CFM15609 | Regulation 9 | Cases where there is no disposal of the asset by virtue of Section 116(10) of the 1992 Act |
| CFM15610 | Regulation 10 | Cases where, but for section 116, section 127 of the 1992 Act would apply in relation to assets as regards which paragraph (2)(a), but not paragraph (2)(b), of regulation 8 has had effect |
| CFM15611 | Regulation 11 | Cases where there is no disposal of the asset by virtue of section 127 of the 1992 Act |
| CFM15612 | Regulation 12 | Cases where section 127 of the 1992 Act applies in relation to assets as regards which paragraph (2)(a), but not paragraph (2)(b), of regulation 8 has had effect |
| CFM15613 | Regulation 13 | Cases where exchange gains or losses fall within subsection (4) of section 84A * |
