This guidance is applicable to company periods of account beginning on or after 1 January 2016.

For earlier periods see CFM52050.

Circumstances in which amounts recognised only in OCI may be taxed


F(2)A15 made a significant change to which amounts recognised in a company's accounts, in respect of the derivative contracts (and loan relationships) matters, fall to be taken into account for tax, absent the application of special rules.

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