CFM10020 - Taxing FOREX: transitional arrangements: matched assets and liabilities

Rules for matching assets and liabilities

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

There are special rules for exchange gains and losses taken to reserves and subject to an election under the 1994 Matching Regulations.

For full details of the transitional matching rules please see CFM9330+.