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End of attention
The net gain on the disposal of tainted commodity investments is included in passive income.
What is a tainted commodity gain?
A tainted commodity gain or loss arises from the disposal of a tainted commodity investment.
What is a tainted commodity investment?
Commodity investments that are tainted include futures or forward contracts for a commodity - or a right or option on such a contract - unless the company carries on a business of producing or processing the commodity or uses the commodity as a raw material. To be excluded, the contract right or option must relate to the carrying on of that business and the resultant physical sale of the commodity must not be tainted sales income.
Last modified: 05 Dec 2006QC 18000