Taxation of Loan Relationships and Derivatives

This work provides an examination of the taxation of financial transactions for UK resident companies. It examines each of the regimes involved in: foreign exchange transactions; financial instruments; corporate debt; and anti-avoidance provisions.

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This publication offers invaluable tax planning help for the tax specialist and with its easy to use subject index and cross-referencing, it is a highly practical publication, ideal for the busy tax practitioner and lawyer. Debt and Treasury management occupies an increasing proportion of the work of tax practitioners. With considerable legislation to get to grips with, this publication, updated twice per annum, offers a concise and comprehensive version of the law in this area. This publication examines, in detail, each of the regimes involved: * Foreign exchange transactions * Financial instruments (such as options, debt contracts, currency swaps); * Corporate debt, i.e. the loan relationship provisions * Anti-avoidance provisions including thin capitalisation, funding bonds etc* Discussion of the rules introduced by Finance Act 2002 affecting Loan Relationships and Foreign Exchange