Commentary

D1.889 Disposal of an exactly tracking contract for differences—anti-double counting measure

Corporate tax
Corporate tax | Commentary

D1.889 Disposal of an exactly tracking contract for differences—anti-double counting measure

Corporate tax | Commentary

D1.889 Disposal of an exactly tracking contract for differences—anti-double counting measure

Where a company ceases to be a party to a creditor loan relationship which has been bifurcated in its accounts into a host contract and an exactly tracking contract for differences to which CTA 2009, s 648 applies, an adjustment is made to the TCGA 1992 cost of the creditor loan relationship as a whole (ie ignoring the accounting bifurcation). If the sum of G and CV exceeds L the cost is increased. If L exceeds the sum of G and CV the cost is reduced and to the

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