General
If any profits or losses arising to an authorised investment fund from a creditor relationship or derivative contract in an accounting period are capital profits, gains or losses, those profits, gains or losses are not brought into account as credits or debits1.
Where the authorised investment fund prepares accounts in accordance with UK generally accepted accounting practice, capital profits, gains or losses arising from a creditor relationship in an accounting period or from a derivative contract in an accounting period are such profits or losses that are dealt with under the heading 'net capital gains/losses' in the statement of total return for the accounting period2. The statement of total return for the accounting period is the statement of total return that must be included in the accounts contained
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Web page updated on 17 Mar 2025 13:56