David Boneham of Deloitte describes the radical changes to the corporation tax treatment of equity futures and options made during 2005
This article discusses the corporation tax treatment of equity futures and options which was radically reformed during 2005. Following the 2005 changes subject to some important specific exceptions profits and losses arising from equity futures and options became broadly chargeable to corporation tax as income following the accounts. Previously such derivatives were chargeable on a realisation basis under the capital gains rules except where held for trading purposes.
Equity futures and options are defined as under the derivative contracts rules. An equity future is a contract for the sale of shares in a company under which delivery is to be made at a future date agreed when...
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David Boneham of Deloitte describes the radical changes to the corporation tax treatment of equity futures and options made during 2005
This article discusses the corporation tax treatment of equity futures and options which was radically reformed during 2005. Following the 2005 changes subject to some important specific exceptions profits and losses arising from equity futures and options became broadly chargeable to corporation tax as income following the accounts. Previously such derivatives were chargeable on a realisation basis under the capital gains rules except where held for trading purposes.
Equity futures and options are defined as under the derivative contracts rules. An equity future is a contract for the sale of shares in a company under which delivery is to be made at a future date agreed when...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
