Taxation of Corporate Debt, Foreign Exchange and Derivative Contracts (6th ed)

A new regime for monetary transactions was heralded by the three separate tax codes introduced from 1993 to 1996 for foreign exchange, financial instruments and loan relationships.

Now the proposals for Finance Act 2002 radically consolidates, extends and recasts the new rules and new anti-avoidance provisions have already taken effect from 26 July 2001.

This work has been published in response to the latest legislation, covering the draft proposals in the Inland Revenue Consultation Document of 26 July 2001.

The work is an amalgamation of both Tolley's Taxation of Corporate Debt and Financial Instruments and of Tolley's Taxation of Foreign Exchange Gains and Losses.

This publication focuses on the practical implications of these provisions and provides comprehensive coverage of the interaction between the tax codes, the accounting framework, corporate transactions and planning issues.

Including all the relevant legislation and background information, this essential guide will help you to review, plan and restructure your financial transactions to avoid potential and unexpected tax liabilities.