Capital gain matching rule on future contract

Hello, For the acquisitions and disposals of future contracts of the same specification, in a recognised exchange, should I follow the pooling rules of shares (same day, bed and breakfast, section 104) or each future contract is treated as separate assets? From my understanding future contract don't have a acquisition cost (except broker commissions) and gain and loss are only determined when closing the contract according the different in the contract value. If I am required to mix acquisitions in a section 104 pool, how should I do the caluclation?

Hi Alex Pun,

A S104 holding is a pool of shares of the same class in the same company.  
Please refer to CG51575 - Share identification rules for capital gains tax from 6.4.2008: the Section 104 holding in detail for more detail about a S104 holding,
and also CG51560 - Share identification rules for capital gains tax from 6.4.2008: the “same day” and “bed and breakfast” identification rules for guidance on the 'bed and breakfasting' rules. Also CG51575 - Share identification rules for capital gains tax from 6.4.2008: the Section 104 holding in detail

Thank you."

Hello HMRC Admin 20, Thanks for the reply. I have read the links about company shares pooling, but my enquiry is about future contracts. TCGA92/S104(3)(ii) seems suggest that the future contracts of the same class are also subject to pooling, could you clarify on that please? Thank you.

Hi Alex Pun,
Share identification rules are intended to apply to all fungible assets, such as shares, securities & foreign currency.
CG50220 refers. 
CG50220 - Definitions: meaning of ‘security’ and ‘securities’
This also applies to future contracts as well.
Thank you.