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

—

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.

DocumentsOpen on legislation.gov.uk →

Explanatory Memorandum

UK Explanatory Memorandum

application/pdf · 22 Jul 2013 · 20 KB

Instrument

application/pdf · 22 Jul 2013 · 22 KB