Commentary

B4.190 Transfer pricing—capital allowances, capital gains and foreign exchange

Business tax
Business tax | Commentary

B4.190 Transfer pricing—capital allowances, capital gains and foreign exchange

Business tax | Commentary

Transfer pricing—interaction with other provisions

B4.190 Transfer pricing—capital allowances, capital gains and foreign exchange

The transfer pricing rules are disapplied for the purposes of calculating capital allowances or capital gains1. This is because there is separate legislation for these purposes, imposing the requirement to use market values for transactions with associated parties2.

However for accounting periods ending on or after 17 July 2013 a claim for a compensating adjustment (B4.126)3 may not be made if the claim would affect the operation of the rules restricting allowances on certain oil related expenditure4 (D7.925)

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