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    <title>Value of taxable commodities transaction</title>
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    <description>Section 118 sets the value of a taxable commodities transaction: for commodity derivatives (or derivatives based on prices/indices of commodity derivatives) the value is the traded price; for options on commodity derivatives or options in goods the value is the option premium for categories at serial numbers 3 and 4, the settlement price for categories at serial numbers 5 and 6, and the difference between settlement price and strike price for the category at serial number 7.</description>
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      <description>Section 118 sets the value of a taxable commodities transaction: for commodity derivatives (or derivatives based on prices/indices of commodity derivatives) the value is the traded price; for options on commodity derivatives or options in goods the value is the option premium for categories at serial numbers 3 and 4, the settlement price for categories at serial numbers 5 and 6, and the difference between settlement price and strike price for the category at serial number 7.</description>
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