Commentary

D1.876 Capitalised expenditure

Corporate tax
Corporate tax | Commentary

D1.876 Capitalised expenditure

Corporate tax | Commentary

D1.876 Capitalised expenditure

For accounting periods beginning on or after 1 January 2016 a relieving measure applies where amounts that would otherwise have been included in computing a company's derivative contract profits for an accounting period are included in determining the carrying value of an asset or liability. In such cases where the profits or losses on the asset or liability are not determined for corporation tax purposes by reference to the amounts that are recognised in the company's accounts in accordance with generally accepted accounting practice, the amounts which are so included are included in computing the company's derivative

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