Finance Act, 1988

Pension funds: extension of tax exemptions to dealings in financial futures and traded options.

30.—(1) In this section—

“financial futures” and “traded options” mean, respectively, financial futures and traded options which are for the time being dealt in or quoted on a futures exchange or a stock exchange in the State.

(2) For the purposes of—

(a) section 16 (2) of the Finance Act, 1972 ,

(b) section 21 (1) of the Capital Gains Tax Act, 1975 , and

(c) section 41 (1) of the Corporation Tax Act, 1976 ,

a contract entered into in the course of dealing in financial futures or traded options shall be regarded as an investment.