The commentary below considers the exposure of pension schemes to tax on chargeable gains. For an overview of the taxation of chargeable gains generally, see C1.101.
Pension schemes—general rule
Gains accruing to a person on the disposal of investments held for the purposes of a registered pension scheme or an overseas pension scheme are not chargeable gains1.
For details of the tax treatment of pension schemes, see Division E7.2.
Futures and options contracts
Futures and options contracts are regarded as investments for the purposes of the chargeable gains exemption above concerning registered pension schemes and overseas pension schemes2.
A contract is not prevented from being a futures or options contract if full settlement
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