Taxation of Loan Relationships and Derivative Contracts

Taxation of Loan Relationships and Derivative Contracts, Tenth Edition, is updated in line with the Finance Act 2015 which brings in significant changes to the loan relation rules. In addition, it includes changes to both UK and International Accounting Standards.



This new edition covers developments in the Basic Erosion and Profit Shifting (BEPs) project and the related new climate and wider concept of tax avoidance (GAAR). The chapters covering accounting framework, reorganisations and international aspects have been significantly updated since the previous edition and new chapters have been added with a summary of all relevant cases and a chapter covering Islamic Finance.



Covers the following:

The Taxation of Finance

Accounting under IFRS and Modified UK GAAP

The Scheme of the Legislation

Loan Relationships: Scope and Definition

Loan Relationships: General Computational Provisions

Loan Relationships: Special Computational Provisions

Impairment Losses

Foreign Exchange and Hedging/Deferral

Interest

Securities

Reorganisations, Acquisitions and Disposals

Special Companies

Derivative Contracts – Definition and Scope

Derivative Contracts – Measurement of Profits

Embedded Derivatives

Worldwide Debt Cap

Transfer Pricing

Stock Lending and Repos

International Aspects

Islamic Finance

Cases

Appendices