Market leading insight for tax experts
View online issue

Adviser Q&A: Changes to corporate debt & derivative contracts rules

The government announced in Budget 2013 a review of the law governing the corporation tax treatment of corporate debt (loan relationships) and derivative contracts. The object was to make the legislation simpler and more certain as well as more resistant to abuse. A consultation process was launched in June 2013. Whilst most reform of the primary legislation is to occur in Finance Bill (FB) 2015 the government indicated from the outset that some measures would be dealt with in FB 2014. The draft legislation relating to the treatment of loan relationships held by corporate partnerships and that relating to ‘bond funds’ (in CTA 2009 Part 6 Chapter 3) are now the only such measures.

What is proposed for loan relationships held by corporate partnerships?

The existing approach to the treatment of loan relationships...

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.