The ninth edition of this well-established work offers comprehensive coverage of all aspect of the taxation of loan relationships and derivative contracts, with particular emphasis placed on providing worked examples and planning guidance.
IAS 32/39 and FRS 25/26;
Loan relationships under IAS;
Impairment losses and connected company rules;
The derivative contracts rules;
Bifurcation of convertibles;
Transfer pricing domestic and international;
The disregard rules on tax hedging;
Matching and functional currencies;
Reconstructions and mergers;
Repos and stock lending;
Loan relationships, derivative contracts, securities taxation and debt impairment.
David Southern is a Barrister at Temple Gardens Tax Chambers and specialises in corporate finance.
1 The Taxation of Finance; 2 Accounting under IFRS and Modified UK GAAP; 3 The Scheme of the Legislation; 4 Loan Relationships: Scope and Definition; 5 Loan Relationships: General Computational Provisions; 6 Loan Relationships: Special Computational Provisions; 7 Impairment Losses; 8 Foreign Exchange Gains and Losses; 9 Interest; 10 Securities; 11 Reorganisations, Acquisitions and Disposals; 12 Special Companies; 13 Derivative Contracts - Definition and Scope; 14 Derivative Contracts - Measurement of Profits; 15 Embedded Derivatives; 16 Hedging and Deferral; 17 Worldwide Debt Cap; 18 Transfer Pricing; 19 Stock Lending and Repos; 20 International Aspects.