CFM15000 - Corporate finance legislation
Table of Contents
| Reference | Legislation | Subject | Start date |
| CFM15100+ | S93 - 96 FA 1993 as amended by FA 2002 (illustrative draft only) | Rules on the currency translation for corporation tax purposes | APs beginning on or after
1 October 2002
except certain anti-avoidance provisions |
| CFM15200+ | Chapter 2 Part 4 FA 1996
as amended by FA 2002 (illustrative draft only).
Includes S80 - 105 FA 1996 Schedules 8 - 10 FA 1996 | Loan relationships, now including FOREX rules |
|
| CFM15500+ | SI 2002 No. 1969 The Exchange Gains and losses (Transitional Provisions and Savings) Regulations 2002 | Parts FOREX regulations that are still valid, plus treatment of deferred gains. |
|
| CFM15600+ | SI 2002 No 1970 The Exchange Gains and losses (Bringing into account gains or losses) Regulations 2002 | New matching regulations for FOREX |
|
| CFM15700+ | Schedule 26 FA 2002 Derivative Contracts | The main legislation for derivative contracts |
|
| CFM15800+ | Schedule 28 FA 2002 Derivative Contracts - Transitional provisions etc | The anti-avoidance and transitional |
|
Illustrative drafts
The FA 2002 amendments to FA 93 and FA 96 have been consolidated
for information only. These documents are intended to fairly
reflect the changes introduced by FA 2002, however we can't
guarantee their accuracy.
The illustrative drafts will be replaced by the official
Taxes Acts 2002 version as soon as this is available.
Repeals
FOREX
All of the FOREX legislation in FA 1993 has been repealed,
together with the associated Regulations.
Financial Instruments
The financial instruments legislation in Chapter 2 Part 4 FA
1994 has been repealed. Renamed and redefined as derivative
contracts, the main legislation is now in Schedule 26 FA 2002.
