permanent guidance iconCFM10000 - Taxing FOREX: transitional arrangements

Introduction

This guidance describes the post-FA 2002 taxation of loan relationships, derivative contracts and FOREX.

The following pages contain the transitional arrangements for companies dealing with foreign currency before the 1 October 2002.

Please note that transitional arrangements for companies that begin to use the 2002 currency accounting rules are not included here. They can be found at CFM10540.

Contents

CFM10005Transitional arrangements: changes of accounting date
CFM10005aTransitional arrangements: change of accounting date example
CFM10010Transitional arrangements: deferring exchange gains
CFM10010aTransitional arrangements: example of a deferred gain
CFM10015Transitional arrangements: the 1994 Regulations (SI 1994/3226)
CFM10020Transitional arrangements: matched assets and liabilities