# Finance Act 2018, Paragraph 4


(1) Section 411 (“relevant expense amount” and “relevant income amount”) is amended as follows.
(2) In subsection (1)(e), for sub-paragraph (iii) substitute—
“(iii) losses in respect of risks arising in the ordinary course of a trade (other than risks arising in the ordinary course of a financial trade) where the derivative contract was entered into wholly for reasons unrelated to the capital structure of the worldwide group (or any member of the worldwide group);”.
(3) In subsection (2)(d), for sub-paragraph (iii) substitute—
“(iii) gains in respect of risks arising in the ordinary course of a trade (other than risks arising in the ordinary course of a financial trade) where the derivative contract was entered into wholly for reasons unrelated to the capital structure of the worldwide group (or any member of the worldwide group);”.

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Source: https://www.legislation.gov.uk/ukpga/2018/3/schedule/8/paragraph/4 (the official version)
Page: https://openlegislation.uk/finance-act-2018/schedule-8/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.