Islamic finance/Alternative finance arrangements

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SDLT—deeds of rectificationStamp duty land tax (SDLT) ceased to apply to any land transaction involving any interests in or over land in Scotland from...
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19th May
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VAT—triangulationIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following...
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Produced in partnership with John Fuszard of Sagars Accountants Ltd 19th May
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How employment income is taxed—non-cash earnings or benefitsIn addition to cash earnings, such as wages or salaries, many reward packages include...
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19th May
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VAT treatment of damages and compensation paymentsFORTHCOMING CHANGE: HMRC is in the process of revising Revenue and Customs Brief 12 (2020) on the...
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19th May
Practice notes
Key tax consequences of an insolvent liquidationThis Practice Note outlines:•the main corporation tax consequences when a UK incorporated company...
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Produced in partnership with Julia Fox of Deloitte LLP and Anthony Davis 19th May
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EIS—deferred gain becomes chargeable to CGTCoronavirus (COVID-19): In response to the coronavirus (COVID-19) pandemic, the government introduced a...
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19th May
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Corporation tax—connected personsThis Practice Note looks at the meaning of connected persons within sections 1122 and 1123 of the Corporation Tax Act...
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19th May
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Property holding structures—direct tax treatment of a Jersey property unit trust (JPUT)STOP PRESS relating to property rich collective investment...
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19th May
Practice notes
Offshore receipts in respect of intangible property (ORIP)Since 6 April 2019, a person that is neither UK tax resident nor resident in a full treaty...
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19th May
Practice notes
FATCA in the UK—the UK:US Intergovernmental Agreement: an outlineIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
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Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited 19th May
Practice notes
Section 198 and 199 elections on transactions involving real estateThis Practice Note describes the law and practice relating to elections under...
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Produced in partnership with Martin Wilson 19th May
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Taxation of UK LLPsA UK limited liability partnership (LLP) is a body corporate for company law purposes, but is generally taxed as though it were a...
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19th May
Practice notes
Loan capital exemption from stamp dutyDebt which:•qualifies as loan capital (whether it is short or long-term debt), and•satisfies further conditions...
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19th May
Practice notes
The Budget and Finance Bill processThe Budget is a Parliamentary event at which the Chancellor of the Exchequer makes important announcements relating...
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19th May
Practice notes
Capital reduction demergersThe reasons why a company might carry out a demerger, and the different ways in which a demerger may be structured, are...
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Produced in partnership with Zoe Feller of Bird & Bird 19th May
Practice notes
R&D capital allowancesFORTHCOMING CHANGE: At Spring Budget 2021, the government announced a wide-ranging review of research and development (R&D)...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 19th May

Most recent Islamic finance/Alternative finance arrangements content

Practice notes
Sources of Shari'ahIntroductionShari'ah (also Sharia, Shariah or Shari’a) (literally, in Arabic, 'the path towards the watering place') or Islamic law...
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8th Jun
Practice notes
Sukuk—investment bond arrangements and their UK direct tax treatmentShari’a-compliant financing arrangements (also known as Islamic financing...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 5th Jun
Practice notes
Wakala—tax consequences of profit share agency arrangementsIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 5th Jun
Practice notes
Sukuk al ijara—conditions for tax relief under FA 2009, Sch 61Sukuk (singular form: 'sakk') is a type of Shari’a financing arrangement also referred...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 5th Jun
Practice notes
SDLT: alternative property finance relief and musharaka—FA 2003, s 71AA musharaka is a form of Islamic financing that operates as a form of shared...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 5th Jun
Practice notes
Sukuk—investment bond arrangements and stamp duty and SDRTIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 5th Jun
Practice notes
Sukuk al ijara—tax reliefs for sale and leaseback arrangementsSukuk (singular form: ‘sakk’) is a type of Shari’a financing arrangement also referred...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 5th Jun
Practice notes
Sukuk al ijara—capital allowances relief under FA 2009, Sch 61Sukuk (singular form: ‘sakk’) is a type of Shari’a financing arrangement also referred...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 5th Jun
Practice notes
Sukuk al ijara—SDLT reliefs under FA 2009, Sch 61 Sukuk (singular form: ‘sakk’) is a type of Shari’a financing arrangement also referred to as Islamic...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 5th Jun
Practice notes
Sukuk—investment bond arrangements and UK VATIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation...
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Produced in partnership with Etienne Wong of Old Square Tax Chambers 5th Jun
Practice notes
Murabaha—tax consequences of purchase and resale arrangementsShari’a compliant financing arrangements (also known as Islamic financing arrangements)...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 5th Jun
Practice notes
Musharaka—tax consequences of diminishing shared ownership arrangementsShari’a-compliant financing arrangements (also known as Islamic financing...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 5th Jun
Practice notes
Sukuk al ijara—relief from tax on chargeable gains under FA 2009, Sch 61Sukuk (singular form: ‘sakk’) is a type of Shari’a financing arrangement also...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 5th Jun
Practice notes
The structure and elements of a musharaka transactionIntroduction to musharaka—a profit and loss sharing instrument of Islamic financeA fundamental...
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Produced in partnership with Morgan Lewis 4th Jun
Practice notes
Structure of a commodities murabaha transactionKey features•A Customer does not obtain a physical asset for their own use, but to engage in a series...
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4th Jun
Practice notes
The structure and elements of a Sukuk transactionThis Practice Note sets out the key differences between conventional bonds and sukuk, or trust...
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Produced in partnership with Dentons 4th Jun
Practice notes
Structure of a musharaka transactionKey features•This is a form of commercial partnership where two or more parties both provide capital (and real...
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4th Jun
Practice notes
Key principles of Islamic financeShari’ah compliant or Islamic finance is a form of financing based on principles of and prohibitions under Shari’ah...
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4th Jun
Practice notes
Structure of a murabaha transactionKey features•Murabaha is one of the most controversial, but commonly used Islamic finance techniques. It is used...
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4th Jun
Practice notes
The use of musharaka in practice and current trendsIntroduction—a pure theory or a dead practice?For a number of years, Islamic financing has been...
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Produced in partnership with Morgan Lewis 4th Jun

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