New tax regulations for loan relationships and derivative contracts | Practical Law

New tax regulations for loan relationships and derivative contracts | Practical Law

On 6 December 2006, two new sets of regulations were made, amending the tax treatment of loan relationships and derivative contracts in certain circumstances in order to ensure that the operation of, and changes in accounting basis to, International Accounting Standards does not give rise to unforeseen or unintended tax charges.

New tax regulations for loan relationships and derivative contracts

Practical Law UK Legal Update 6-207-4048 (Approx. 5 pages)

New tax regulations for loan relationships and derivative contracts

by PLC Tax
Law stated as at 07 Dec 2006United Kingdom
On 6 December 2006, two new sets of regulations were made, amending the tax treatment of loan relationships and derivative contracts in certain circumstances in order to ensure that the operation of, and changes in accounting basis to, International Accounting Standards does not give rise to unforeseen or unintended tax charges.