There are specific types of options which are financial products and these have different tax treatments in some respects from standard options, as set out below, including not being categorised as wasting assets1and also that the owner of the option may get an allowable loss if the option is abandoned2. The different types can be summarised as quoted (see C2.1016), traded and financial options (see C2.1018).
In general, a traded option is intended to be bought and sold in a traded options market and any return
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 17:05