Avoidance using total return swaps: revised Finance Bill 2014 clauses | Practical Law

Avoidance using total return swaps: revised Finance Bill 2014 clauses | Practical Law

On 23 January 2014, the government published revised draft Finance Bill 2014 legislation denying deductions for payments under intra-group derivative contracts that are, in substance, non-deductible profit distributions. The government also published a revised technical note.

Avoidance using total return swaps: revised Finance Bill 2014 clauses

Practical Law UK Legal Update 1-555-5027 (Approx. 6 pages)

Avoidance using total return swaps: revised Finance Bill 2014 clauses

Published on 28 Jan 2014United Kingdom
On 23 January 2014, the government published revised draft Finance Bill 2014 legislation denying deductions for payments under intra-group derivative contracts that are, in substance, non-deductible profit distributions. The government also published a revised technical note.