# The Exchange Gains and Losses (Transitional Provisions) Regulations 1994, Regulation 7: Interpretation


(1) For the purposes of any computation required to be made for the purposes of regulation 10 or 11 below, an amount which is a gain shall be taken to be a positive figure and an amount which is a loss shall be taken to be a negative figure, but for the purposes of regulations 12 and 13 all amounts shall be taken to be positive.
(2) In this Part—
“attributed gain”, in relation to any asset or liability, means a gain which is attributed to the asset or liability under regulation 8(3) or 9(2) below;
“attributed loss”, in relation to any asset or liability, means a loss which is attributed to the asset or liability under regulation 8(3) or 9(2) below;
“current period” has the meaning given by regulation 10 below;
“the cumulative gain” has the meaning given by regulation 10 below;
“the cumulative loss” has the meaning given by regulation 10 below;
“the cumulative taxed gain” has the meaning given by regulation 11 below;
“the cumulative taxed loss” has the meaning given by regulation 11 below;
and any reference to exempt circumstances shall be construed as if it were contained in paragraph 2 of Schedule 15 to the 1993 Act.

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Source: https://www.legislation.gov.uk/uksi/1994/3226/regulation/7 (the official version)
Page: https://openlegislation.uk/exchange-gains-and-losses-transitional-provisions-regulations-1994/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.