Tax Implications of Corporate Debt

Practical training for finance and taxation professionals

Introduction

The loan relationships regime, now incorporated in Parts 5 and 6 of Corporation Tax Act 2009, is an often neglected area of tax legislation; the result is that we are too ready to assume (sometimes wrongly) that the tax treatment of corporate debt and interest will ‘follow the accounts’. This course provides a comprehensive and detailed review of the loan relationship rules – considering their scope and the taxing and relieving provisions for interest, discounts and impairment of debt. It also considers the impact of cross-border intra-group debt and in particular the impact of transfer pricing and the restrictions on interest relief under the new worldwide debt cap rules.

Event details


Date:

Wednesday 26 May 2010

Location:

Halsbury House (LG02)
London, WC2A 1EL

Register for 3 courses and receive 4th FREE!
6 CPD
Hours

Benefits

After attending this course you should be able to:

  • Identify loan relationships and understand what debit and credits arising from those loan relationships are brought into account
  • Understand when companies are connected and the consequences of being connected
  • Recognise where impairment losses may not be relieved and releases of debt are not taxed
  • Explain the importance of IFRS on loan relationships and its impact on the taxation of forex movements
  • Be aware of how certain tax avoidance strategies have been stopped by the introduction of anti-avoidance measures

Who Should Attend

Tax and finance professionals involved in preparing or reviewing computations of companies.

Supported by:

Taxation