Statutory Instrument 1994 No. 3227

      The Exchange Gains and Losses (Alternative Method of Calculation of Gain or Loss) Regulations 1994


      © Crown Copyright 1994

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STATUTORY INSTRUMENTS

1994 No. 3227

INCOME TAX

The Exchange Gains and Losses (Alternative Method of Calculation of Gain or Loss) Regulations 1994

Made 15th December 1994
Laid before the House of Commons 16th December 1994
Coming into force 23rd March 1995


ARRANGEMENT OF REGULATIONS

General
1.  Citation, commencement and interpretation.
Assets etc. held in exempt circumstances
2.  Reduction in exchange gains and losses.
Unremittable income
3.  Reduction of exchange gains and losses.
Matching
4.  Interpretation.
5.  Gains and losses accruing as regards matched liabilities to be found by the alternative method of calculation.
6.  Controlled foreign companies.
7.  Deemed gains and losses on disposal of matched assets.
8.  Deferral etc. of deemed gains and losses in certain cases.
9.  Transactions to which section 116 or 127 of the 1992 Act applies.
10.  Elections for matching.
11.  Effectiveness of elections.
Transactions not at arm's length
12.  Disregard of regulations 2 and 4 to 11.

 

Explanatory Note


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Prepared 20th September 2000