In the second of two articles Colin Hargreaves Paul Davison and Sarah Perfect Freshfields Bruckhaus Deringer continue to examine how Sharia financing rules may apply more widely than expected
Part I of this article appeared in The Tax Journal Issue 918 28 January 2008. It looked at transactions which might perhaps unwittingly fall within rules for Sharia-compliant finance arrangements covering provisions designed for purchase and resale (Murabaha) and diminishing shared ownership (Musharaka). Part 2 examines the rest of the special direct tax provisions. Unless otherwise stated statutory references are to sections of FA 2005 as they stand following FA 2007.
Section 49 — Deposit
Section 49...
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In the second of two articles Colin Hargreaves Paul Davison and Sarah Perfect Freshfields Bruckhaus Deringer continue to examine how Sharia financing rules may apply more widely than expected
Part I of this article appeared in The Tax Journal Issue 918 28 January 2008. It looked at transactions which might perhaps unwittingly fall within rules for Sharia-compliant finance arrangements covering provisions designed for purchase and resale (Murabaha) and diminishing shared ownership (Musharaka). Part 2 examines the rest of the special direct tax provisions. Unless otherwise stated statutory references are to sections of FA 2005 as they stand following FA 2007.
Section 49 — Deposit
Section 49...
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