Foreign Exchange gain/loss treatment

Foreign Exchange gain/loss treatment

Didn't find your answer?

Can anyone confirm if any foreign exchange gain or loss on a loan from an overseas parent company should be trreated under Schedule DI case income/expense or non trade income/expense for Corporation Tax purposes.

Thanks.
Bob Redpath

Replies (2)

Please login or register to join the discussion.

avatar
By mproge
30th May 2007 14:54

FX
Bob
how are things
if the borrower is a party to the debt for the purposes of its trade then the FX movements are D Case I items otherwise they fall within D Case III.

Regards

Thanks (0)
avatar
By bobredpath
31st May 2007 18:39

FX
Hi Paul, I am well thanks and hope you are OK. Thanks for your answer. I thought that was the case but FX rules seem to be changing all the time and I wasn't sure what the present situ\tion was.

Thanks (0)