The Exchange Gains and Losses (Bringing into Account Gains or Losses) (Amendment) Regulations 2013
These Regulations amend the Exchange Gains and Losses (Bringing into Account Gains or Losses) Regulations 2002, which provide for exchange gains or losses on loan relationships or derivative contracts which hedge foreign exchange risk from a company’s investment in a foreign enterprise, and which have previously been disregarded for corporation tax purposes, to be brought back into account in specified circumstances.
Lifecycle
Department
Made
18 Jul 2013
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In force
12 Aug 2013
Enabling power
The Treasury make the following Regulations in exercise of the powers conferred by sections 151E of the Taxation of Chargeable Gains Act 1992, paragraph 26(5) of Schedule 23 to the Finance Act 2002and sections 328(5) to (7) and 606(5) to (7) of the Corporation Tax Act 2009.
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