Derivative contracts
Abortive expenses
Accounting
Conditions
Disregard Regulations
Embedded derivatives
Exchange gains
Expenses
Mandatory fair value accounting
Not complying with GAAP
Property and embedded derivatives
Records
Related transactions
Transitional adjustments
Treatment
Accounting debit fairly represents loss from
Accounting standards
Accounting period
Adjustments on change of accounting policy
Amounts not fully recognised for accounting purposes
Associated operations
Capital expenditure
Change in
Change of accounting practice
Derecognition
Equity or shareholder's funds
Fair value accounting
Financial asset or liability, contract is or forms part of
Offshore funds
Open-ended investment company
Relevant contracts
Unit trusts
Aircraft, disregard and bringing into account profits and losses
Anti-avoidance provisions
Associated transactions
Authorised investment funds
Bad debts and released amounts
Becoming
Capital amount
Capital treatment
Capitalised expenditure
Carrying value, meaning
Ceasing to be
Ceasing to be party to
Ceasing to be UK resident
Change of accounting practice
Charge to tax
Chargeable gains
Chargeable gains and losses, tax mitigation scheme
Chargeable gains/allowable loss
Accruing, treated as
Acquisition costs of shares
Carry back of net losses
Chargeable asset, meaning
Contract becoming a derivative contract
Contract ceasing to be derivative contract
Credits and debits not to be brought into account
Deemed contracts for differences
Deemed options
Embedded derivatives, disposals
Embedded derivatives, equity instruments
Exactly tracking contract, embedded derivatives
Exercise of option
Generally
Land
Offshore funds
Open-ended investment companies
Options, embedded derivatives
Property based total return swaps
Relevant credits and relevant debits, meaning
Tangible movable property
Unit trusts
Collective investment schemes
Offshore funds
Company ceasing to be resident in UK
Connected companies
Contract for differences, meaning
Creditor relationship, meaning
Credits and debits brought into account
Abortive expenditure
Adjustments on change of accounting policy
Amounts recognised in determining profit or loss
Capital expenditure
Ceasing to be party to
Ceasing to be UK resident
Contract ceasing to be derivative contracts
Embedded derivatives
Equity or shareholder's funds
Exchange gains and losses
Fair value accounting
General principles
Generally
Indexed-linked gilt-edged securities with embedded contracts for differences
Insolvency arrangements
Non-UK resident ceasing to hold
Partnerships
Pre-contract expenditure
Related transaction, meaning
Debits and credits to be brought into account
Debtor relationship, meaning
Deduction of tax at source, exception
Definitions
Derecognition
Derecognition of financial asset
Determining underlying subject matter
Disregard and bringing into account profits and losses
Commodity contracts or debt contracts, fair value profits or losses
Currency and commodity contracts, fair value profits or losses
Currency contracts, fair value profits or losses
Exchange gains and losses arising from liabilities or assets hedging shares, ships or aircraft
Fair value profits and losses
Interest rate contracts, fair value profits or losses
Relevant time, meaning
Relevant value, meaning
Review period
Disregard credits and debits
Distinction between options, futures and contracts for differences
Double taxation relief
Cross-border transfers and mergers
Disregard of foreign tax
Hedging relationship, limits on/reduction of credit relief
Embedded derivatives
Accounting treatment
Capital treatment
Chargeable gains
Creditor relationships
Deemed contracts for differences
Deemed options
Disapplication of fair value accounting
Exclusions
Generally
Groups of companies, fair value accounting
Index-linked gilt-edged securities
Loan relationships
Other contracts
Entry conditions
European co-operative society (SCE)
European company (SE)
European cross-border mergers
Clearances
Company, meaning
Generally
Notional carrying value
Tax avoidance
Transferee and transferor, meaning
Transparent entities
European cross-border mergers and transfers
European cross-border transfers
Clearance procedures
Company, meaning
Generally
Notional carrying value
Tax avoidance cases
Transparent entities
Exchange gains and losses
Excluded body, meaning
Exclusions
Exclusions because of underlying subject matter
Disregard of subordinate or small value
Embedded derivatives
Futures
Generally
Options
Financial trader, definition
Foreign exchange gains and losses
Future, meaning
Generally
Group mismatch schemes
Controlled foreign companies
Economic profits and losses, meaning
Finance arrangements
Foreign companies and foreign permanent establishments
Generally
Group, meaning
Losses and profits to be disregarded
Meaning
Provisions treated as of no effect
Relevant tax advantage, meaning
Repos or quasi-repos
Scheme group, meaning
Scheme loss, meaning
Scheme period, meaning
Scheme profit, meaning
Scheme, meaning
Tax capacity assumption
Trading income
Groups
Groups of companies
Embedded derivatives
Group member replacing another as party to
Tax avoidance
Transferee leaving group after replacing transferor
Transferor using fair value accounting
Hedging relationship, meaning
Income arising
Insolvency arrangements
Insurance companies
Investment companies functional currency
Investment funds
Investment trusts, capital profits and losses
Land
Loan relationships
Connected debtor and creditor, debits exceeding credits
Embedded derivatives
Host contract
Priority rules
Meaning
Mutual trading companies
Non-corporates holding swaps
Non-resident companies
Non-UK resident company ceasing to hold
Novation of swaps between group companies, avoidance of tax
Offshore funds
Open-ended investment companies
Partnerships involving companies
Determination of credits and debits
Fair value accounting
Generally
Plain vanilla contract
Meaning
Pre-30 December 2006
Power to amend provisions
Pre-contract expenses
Priority rules
Generally
Loan relationships
Profits and losses
Brought into account
Calculation
Chargeable as income
Credits and debits brought into account
Non-trading credits and debits brought into account
Profits and losses, treatment
Property based total return swaps
Property, chargeable gains
Relevant contract, qualifying as
Relevant contracts
Accounting conditions
Companies treated as parties to
Generally
Offshore funds
On 16 March 2005
On 28 July 2005
Open-ended investment companies
Party to such contracts
Underlying subject matter
Unit trusts
Risk transfer schemes
Generally
Scope of rules
Securities house, meaning
Shares, disregard and bringing into account profits and losses
Ships, disregard and bringing into account profits and losses
Splitting
Tangible movable property
Tax avoidance
Accumulated net losses, allowance for
Connected companies, transfers of value
Derecognition
Disposals for consideration not fully recognised by accounting practice
Exchange gains and losses
Generally
Non-UK residents, transactions with
Transactions not at arm's length
Unallowable purposes
Tax mismatch schemes
Economic profits and losses, meaning
Generally
Losses and profits to be disregarded
Meaning
Priority
Relevant tax advantage/disadvantage, meaning
Scheme loss/profit, meaning
Scheme period, meaning
Scheme, meaning
Tax capacity assumption
Trading receipts
Trading/non-trading split
Transfer pricing
Transfer pricing provisions of Income and Corporations Taxes Act 1988, Sch. 28AA
Transitional provisions
Unallowable purposes
Underlying subject matter
Exclusion of contracts because of
Generally
Meaning
Venture capital trusts, capital profits and losses
Withholding tax
