intercompany loan write off tax

Intercompany Loan Write Off | AccountingWEB
Jul 16, 2012 . Intercompany Loan Write Off. Posted by mail2stg . What are the tax implications, if any, of the following? . This may be tax neutral if 1 thanks .
http://www.accountingweb.co.uk/anyanswers/question/intercompany-loan-write-0

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Tax Briefing Issue 09
Intangible Assets Scheme under Section 291A Taxes Consolidation Act 1997. . is written off over 10 years in the accounts, while the annual royalty payments, even if . The €100m acquisition is funded by inter-company borrowings with interest . for share capital or a loan, and the latter company uses the funds to provide, .
http://www.revenue.ie/en/practitioner/tax-briefing/archive/2010/no-092010.html

Commissioner of Taxation v BHP Billiton Finance Limited ...
Dec 20, 2011 . The amount of $1,845,833,281 was written off in the books of Finance . made in accordance with the standard terms for inter-company loans; .
http://law.ato.gov.au/atolaw/view.htm?DocID=LIT/ICD/M117-M125of2010/00001

Inter-company loan write off | AccountingWEB
Dec 15, 2011 . Anyway, the normal treatment for intercompany loan write offs is that the credit is not taxable in one company, and the debit is not tax deductible .
http://www.accountingweb.co.uk/anyanswers/question/inter-company-loan-write-1

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Related Party Loans and Related Party Services
Jan 4, 2012 . If you are applying for strike-off/to cease registration . related parties, comparable to the charge for such services provided . Will the overseas company have any tax obligations in Singapore resulting from this inter-company .
http://www.iras.gov.sg/irasHome/page04.aspx?id=10588

2010 annual accounts - BAA
£149 million relating to the write-off of runway planning application costs and write down . 3 Adjusted EBITDA is earnings before interest, tax, depreciation, . 2009 due to write-offs of interest on the Company?s inter-company loan from ADI .
http://www.baa.com/static/BAA_Airports/Downloads/PDF/BAA_Limited_2010.pdf

intra group loan write off
Anyway, the normal treatment for intercompany loan write offs is that the . . Lowtax | Profit Margins on Intra Group Loans through a Cyprus Tax .
http://vycyqapyk.github.com/intra-group-loan-write-off.html

Business Tax Alert - Deloitte
Sep 26, 2011 . Inter-corporate deposits written off in the books are allowable as business . The taxpayer was engaged in the business of advancing loans.
http://www.deloitte.com/assets/Dcom-India/Local%20Assets/Documents/Business%20Tax%20alerts/2011/BTX-35-2011.pdf

BPR 073 - Sars
Jan 29, 2010 . against income when inter-company loans are extinguished as a result of a voluntary . relating to a potential input tax deduction in respect of taxable supplies . the Applicant will write off so much of the said amount, included .
http://www.sars.gov.za/Tools/Documents/DocumentDownload.asp?FileID=63239

Practising Accountants Seminar
Apr 27, 2012. etc ALtd• Write-off of loan – S.87 - write-off might trigger tax bill for . Inter- company Loan to dormant company – Might be useful for CCS if .
http://www.slideshare.net/omnipro/practising-accountants-seminar

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Financial Services NewsFlash
Jul 9, 2010 . Non-individually significant impaired loans are evaluated . Loan write-off Under the amended Income Tax Law, criteria for loan write off for tax . if there is an offset of inter-company loans between the surviving and .
http://www.slideshare.net/Ramen24/financial-services-newsflash

FAP Report - Inclusive Technology
Oct 28, 2004 . Write off of inter-company loan . Amounts written off investments . and royalties receivable excluding value added tax and trade discounts.
http://www.inclusive.co.uk/Lib/Doc/about-us/2004accounts.pdf

Write off of Inter-company Loan - tax treatment? | AccountingWEB
May 12, 2010 . With regard to the tax treatment in each company - is there a nil effect? Or should the loan write off be disallowed for tax calculation in both?
http://www.accountingweb.co.uk/anyanswers/write-inter-company-loan-tax-treatment

Company Year End Planning - Taxbriefs content for Alliotts
Relief for such debts now falls within the company loan relationship rules. HMRC will only allow the write-off of debt for tax purposes where specific debts have .
http://content.alliotts.com/cms/filelibrary/Company_year_end_tax_planning.pdf

FSTP Perspectives - PwC
tax and transfer pricing professionals . and their interaction with intercompany loan pricing, and, finally . any write-off on the loan balance was not deductible .
http://www.pwc.se/sv/skatteradgivning/artiklar/assets/fstp-perspectives-february.2012.pdf

inter company loan write off | AccountingWEB
Nov 15, 2011 . inter company loan write off . The directors agree to take over personal responsibility for the debt owed to company B. The inter related loan is .
http://www.accountingweb.co.uk/anyanswers/question/inter-company-loan-write-0

inter company loan write off | AccountingWEB
Oct 26, 2011 . inter company loan write off . Tax Neutral 1 thanks . company writes off a loan owed to it by the other, no tax deduction is allowed for the write .
http://www.accountingweb.co.uk/anyanswers/question/inter-company-loan-write

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Introduction to Taiwan tax rules - PwC
i.e., these provisions cannot be made off the books for tax purposes only. . inter- company loans is capped at a prescribed debt-to-equity ratio to be determined by the . The interest charge is based on the prevailing one-year time deposit .
http://www.pwc.com/en_tw/tw/publications/assets/taiwan-pocket-tax-book-2011.pdf

Is it a Debt, is it a Loan? MJP Media Services - Pinsent Masons
relationship debit on the write-off of connected party debt owed to it . first, was the inter-company debt a loan relationship; . The burden of proof to claim a tax .
http://www.pinsentmasons.com/PDF/IsItADebt.pdf

Owner-Manager - Canadian Tax Foundation
Deductibility of Intercompany Management . regard, it is noteworthy that the writeoff of a debt due . that Investco earned interest on a number of loans—in- .
http://www.ctf.ca/ctfweb/Documents/PDF/TOM/2009TOM10.pdf

Whither widgets? | Taxation
Sep 12, 2012 . It is then proposed to write-off the £150,000 inter-group loan . a de-grouping charge in A Ltd if the inter-company loan relationship owed to it is .
http://www.taxation.co.uk/taxation/Articles/2012/09/12/46781/whither-widgets

What Are Intercompany Loans?
If an intercompany loan appears to be necessary, a tax accountant can provide . The tax authorities can charge back taxes if they feel the loan should count as .
http://www.wisegeek.com/what-are-intercompany-loans.htm

To: Michelle Millington From: A Tax Adviser RE: Grettley Services ...
Of the intercompany loan account of £30,000, £10,000 relates to bills and £ 20,000 relates to consultancy services. Grettley Services may write off both these .
http://www.tax.org.uk/Resources/CIOT/Documents/2011/02/Application%20and%20Interaction%20Paper%20-%20Q3%20-%20November%202010%20-%20Candidate%20script.pdf

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CFM35310 - Loan relationships: connected companies and ...
CTA09/PT5/CH6, section 353 onwards, restricts the loan relationships debits that a . and then releasing the debt, in order to get a tax deduction for the write-off.
http://www.hmrc.gov.uk/manuals/cfmmanual/cfm35310.htm

BETH CARR TAX PARTNER ERNST & YOUNG LLP WRITTEN ...
Sep 20, 2012 . I am a certified public accountant and an international tax services . although an “off” period of investment constituting two months out of 12 months was . implementation of such intercompany loan arrangements, they may .
http://www.hsgac.senate.gov/download/?id=47a0da59-0d31-4b64-ad0a-47cca27d0e46

Inter-corporate deposits written off in the books allowable as - TaxGuru
Sep 29, 2011 . The taxpayer was engaged in the business of advancing loans. Interest received from inter-corporate deposits was offered to tax as business . claim of the taxpayer in writing off the inter-corporate deposits cannot be faulted.
http://taxguru.in/income-tax/intercorporate-deposits-written-books-allowable-business-expenditure-incomes-deposits-taxed-business-income-earlier-years.html

Intercompany Accounts Require Maintenance - Alston & Bird LLP
Aug 1, 2009 . reflecting intercompany payables and receivables. . The “line of credit” agreement and the “tax sharing agreement” need to work . Loans versus dividends. . like uncertainty when it comes to writing off a receivable and .
http://www.alston.com/Files/Publication/81b021bb-45fc-49f2-aa42-321839a2a0b3/Presentation/PublicationAttachment/9f36c7ca-3d10-4ff0-8b41-33a3c52cee89/FedTaxReport%208-1-09.pdf

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Non-Canadian-Dollar Loans Involving FAs - Canadian Tax Foundation
However, they have also prompted taxpayers to review the implications of repaying and forgiving cross-border intercompany loans, whether upstream (to the .
http://www.ctf.ca/ctfweb/FR/Newsletters/Canadian_Tax_Focus/2012/1/120201.aspx

TaxingTimes - Accountingnet.ie
adding real value to tax based decision making. KPMG's tax . preferential loans from an employer . benefit in kind charge applies. . the value of an 'off-farm' principal . Foreign-owned firms in Ireland generally engage in inter-company .
http://www.accountingnet.ie/artman2/uploads/taxingtimes06_1_.pdf

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deduction claimed in respect of loan relationship ... - [(•)] Square Eye
Sep 2, 2011 . series of inter-company transactions took place between MJP and Aegis. By 1. January . part of that loan allowed it to claim a deduction in its tax computation for the . to it by Aegis, in exchange for MJP writing off the debt .
http://clients.squareeye.net/uploads/pump/documents/mjp2.9.11.pdf

1. Accounting policies - Standard Chartered Annual Report 2010
Inter-company transactions, balances and unrealised gains and losses on transactions . Deferred tax is provided in full, using the liability method, on temporary . Such loans are written off after all the necessary procedures have been .
http://annualreport.standardchartered.com/financial-statements-and-notes/notes-to-the-financial-statements/notes-1-to-5/1-accounting-policies.html

Whither widgets? | Taxation
Sep 12, 2012 . It is then proposed to write-off the £150,000 inter-group loan . a de-grouping charge in A Ltd if the inter-company loan relationship owed to it is .
http://www.taxation.co.uk/taxation/Articles/2012/09/12/46781/whither-widgets

Official Pronouncements - PwC HK
Restrictions on write-offs of receivables from foreign related parties . that a troubled loan to an under-capitalised subsidiary could be written down with tax effect for want of an . intercompany interest and thus without the one-sided add -back.
http://www.pwchk.com/home/webmedia/634408157663007747/german_tax_legal_news_apr2011.pdf

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The Regulations Governing Intercompany ... - Steptoe & Johnson LLP
TAX STRATEGIES FOR CORPORATE ACQUISITIONS,. DISPOSITIONS, SPIN- OFFS, JOINT VENTURES,. FINANCINGS . attachments) is not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties . transactions: (1) each accrual of interest on a loan; and (2) each payment under a .
http://www.steptoe.com/attachment.html/3575/Regulations_Intercompany_Transactions_Consolidated_Groups_2011.pdf

2009 September : Res Partners
In some foreign jurisdictions, Value Added Tax (VAT) or other indirect taxes may apply . When an intercompany loan is extended, the Parent records an asset in its . If loan repayment becomes unlikely/improbable, a write-off may be required .
http://res-partners.com/2009/09/

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HM Revenue & Customs: Revenue & Customs Brief 01/09
Even so, it is envisaged that most ATCA applications will be signed off within 18 months. Thin cap enquiries initiated by HMRC into company tax returns fall within the TP . Written guidance to transfer pricing specialists and the wider HMRC is being . In the context of inter-company financing, the only matters that can be the .
http://www.hmrc.gov.uk/briefs/company-tax/brief0109.htm

Transfer Pricing Newsletter - Grant Thornton
general rule: loan whereby substance (capital . due to write-off on a loan receivable is not tax deductible. In that case . deductible because these intercompany .
http://www.gt.nl/files/actueel/nieuwsbrieven/TransferPricingnewsletter/2012/Transfer_pricing_newsletter_july2012.pdf

the Business Rescue Plan - Sanyati Holdings Limited
Jul 10, 2012 . The realisation factor for each intercompany loan was determined by . Deferred tax asset will be written off due to the fact the there is no .
http://www.sanyati.co.za/pdf/2012/Sanyati_Holdings_Business_Rescue_Plan.pdf

Job Detail: Project Accountant - Brisbane - Inner
Writing an effective CV · Writing a stand-out cover letter · Interview tips & advice . of write-offs; Created intercompany loan agreement required for audit and tax .
http://www.roberthalf.com.au/jobid/07583ST-AUen/Project%20Accountant

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Asia-Pacific Taxation - KPMG
The debt must be actually written off in the books of the corporation within the . Inter-company loans and advances, and financing arrangements where the .
http://www.kpmg.com/Global/en/WhatWeDo/Tax/regional-tax-centers/asia-pacific-tax-centre/Documents/Asia-Pacific-Taxation/Philippines.pdf

3. IAS 21 for Banks
The inter company loan should be considered as part of the net investment in the subsidiary . The servers are located in Jersey for tax purposes. . Exchange differences should be written off to the Income Statement, unless the balance .
http://bankir.ru/download/MzgwMzk=

BALANCE SHEET (Company registration number ... - Tanfield Group
May 6, 2010 . Post tax losses of associate . The deferred tax asset assumptions remain the same so tax impact in the . Loss on intercompany loan write off .
http://www.tanfieldgroup.com/downloads/2009%20Prelims%20FINAL.pdf

Inter-company Loans | AccountingWEB
May 4, 2011 . I have previously treated these as "amounts written of loans" on the face of the P&L. As Penny says, the write off is not tax deductable. Log in or .
http://www.accountingweb.co.uk/anyanswers/inter-company-loans/491580

INTERNATIONAL BUSINESS MANAGEMENT ... - Boston University
Taxes 10. 2.2.6. Inventory 10. 2.2.7. Goods Available For Sale 10. 2.2.8. . Table 6.11C - 10,000 Peso Intercompany Loan, Investment and Income 107 . and all intercompany loans to BZ are written off against retained earnings of the lender .
http://www.bu.edu/goglobal/a/goglobal_courses/simulation/simulation_manual/Simulation%20Manual%20version%202012.doc

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    Tax Guide - PKF
    international businesses with the answers to these key tax questions. . At the same time, the reverse charge mechanism . set off against future profits up to financial years starting in 2011 (see hereinafter also under . an inter-company loan.
    http://www.pkf.com/media/387161/the%20netherlands_2012.pdf

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Last 24 hours

  1. NATSNav Limited
    An inter-company loan agreement . When a trade receivable is considered irrecoverable, it is written off against the . Total tax (credit)/charge for year .
    http://www.nats.co.uk/wp-content/uploads/2012/07/NATSNav2008.pdf

  2. ACCOUNT TEMPLATE - Northern Gas Networks
    an intercompany loan of £198.2m (2010 - £198.2m) which carries interest at 5.875% and . The tax charge for the year was £0.5m (2010 - £9.0m) which represents an . Excluding the one off benefit, the effective tax rate would have been 77% .
    http://www.northerngasnetworks.co.uk/documents/1343315837.pdf

  3. SC Johnson Admits Tax Document Mostly Correct After Saying ...
    Sep 12, 2011 . Politifact writer examines tax avoidance allegations made against SC Johnson . documents show that SC Johnson made an inter-company loan to . was previously written off so in fact, it did not exist on SCJ's 2010 tax return .
    http://mountpleasant.patch.com/articles/sc-johnson-admits-tax-document-mostly-correct-after-first-issuing-denials

  4. EMA INTERNAL CONTROL MANUAL - Compliance Week
    Depending on this trade off between amount/risk and practicality/effort, the . written off, including specification of recuperated taxes and including proper authorisation . Reconciliation inter-company loans including counterpart confirmation .
    http://www.complianceweek.com/s/documents/EMA-Month-End-Guidelines.doc

  5. CORPORATE INCOME TAX
    Corporate income tax is levied on both Thai and foreign companies. . Inter- company dividends Dividends paid from one Thai company to another are . income earned but not received (bad debts) may be written off, only where there is . will be necessary to consider where the loan is booked, and the double tax treaty (if .
    http://www.bia.co.th/018.html

Last 24 hours

Last 24 hours

  1. How to treat a company loan written off in company tax computation ...
    May 14, 2012 . How to treat a company loan written off in company tax computation . the company's working capital but no intercompany trading took place.
    http://m.accountingweb.co.uk/anyanswers/question/how-treat-company-loan-written-company-tax-computation

  2. Top 10 International Tax Pitfalls - Chief Executive Magazine
    Aug 18, 2011 . Many companies roll forward their intercompany balances between . the payable may be considered a loan from the foreign subsidiary to the U.S. company. . United States and a corresponding toll charge, which typically takes . Did you ever wonder why members of Congress are substantially well off?
    http://chiefexecutive.net/top-10-international-tax-pitfalls

  3. APAC Tax Matters - Ernst & Young
    qualify for a 100% tax write-off in the year of purchase, those incurred for the . cross-border intercompany transactions dealing with tangible goods, intra- group services, royalties, loans/guarantees etc. and allow the Korean tax authorities to .
    http://www.ey.com/Publication/vwLUAssets/APAC_tax_matters_apr2011/$FILE/APAC%20Tax%20Matters%20-%206th%20edition.pdf

  4. Intercompany Loan | AccountingWEB
    Sep 22, 2011 . Home » Any Answers » Intercompany Loan . for Corporation Tax purposes and neither would it be when the loan is written off as this would be .
    http://www.accountingweb.co.uk/anyanswers/question/intercompany-loan

  5. Accounts and Audit Of A Company - Auditors of Company - Inter ...
    Inter Corporate Loans and Investments. click here for LIVE help-desk . (a) Miscellaneous expenditure to the extent not written off or adjusted. (b) Profit & Loss .
    http://www.legalserviceindia.com/company%20law/com_5.htm

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  1. Trafalgar Power Inc
    accruals on inter-company loans primarily with non-debtor affiliates, many of whom have been written off by the Debtors;” second, they questioned Cox's “ services for . subsidiaries was necessary in order to file a consolidated tax return for the .
    http://www.nynb.uscourts.gov/usbc/utidec/Trafalgar051206.pdf

    Previous accountant | AccountingWEB
    Jul 17, 2012 . We have had to write a considerable amount of intercompany loans off as bad debt. Investigating the accounts further, now the with the bad .
    http://www.accountingweb.co.uk/anyanswers/question/previous-accountant

  2. Sale Processes
    Write-Up Adjustments · Financing Adjustments . used by SubCo to repay an intercompany loan from ParentCo, for example. Equity carve-outs are commonly followed by a tax-free spin-off or split-off of ParentCo's remaining interest in SubCo.
    http://macabacus.com/restructuring/equity-carve-outs

    ME Tax Handbook '11 Focus on the essentials - Deloitte
    (including international intercompany loan). Accounting . Taxpayers may apply for an advance ruling by submitting a written request and copies of . Tax losses can be carried forward and set off against taxable income of subsequent years .
    http://www.deloitte.com/assets/Dcom-Lebanon/Local%20Assets/Documents/TAX/Tax%20Handbook%202011%20FAW.pdf

  3. Connected company loan write off and winding up | AccountingWEB
    Aug 22, 2012 . Connected company loan write off and winding up . informal winding up satisfies section 357 CTA 2009 so that an inter-company loan to what .
    http://www.accountingweb.co.uk/anyanswers/question/connected-company-loan-write-and-winding

    despite - BDO Kendalls
    Jun 24, 2010 . in subsidiaries, and the fair value of inter-company loans at below market interest rates. So the time and cost . Tax Assessment Act 1997. Revenue < . This will still allow past losses to be written off against share capital but .
    http://www.bdo.com.au/__data/assets/pdf_file/0016/114352/Accounting_News_JULY_22_july.pdf

  4. PLC - Tax on Finance Transactions: Switzerland
    Mar 1, 2012 . Debt write-off/release and debt for equity swap . If the interest paid on an inter- company loan exceeds the maximum interest rates on .
    http://finance.practicallaw.com/3-502-1067

    PDF (0.2 MB) - United Engineers Limited
    capitalising $3,500,000 of inter-company loans from United Engineers Limited . Singapore income tax, amounting to $6,433,000 and a full dividend on the 71/2 . have satisfied themselves that all known bad debts if any have been written off .
    http://www.uel.com.sg/investor/downloads/UE02Financial.pdf

  5. IFRS List.com: CONSOLIDATION
    Aug 22, 2012 . We have Interest rate swaps trades between 2 entities – intercompany trades. One entity is valuing it off one curve (OIS) and the entity other off .
    http://www.ifrslist.com/category/consolidation/

    Netherlands Taxation and Investment 2011 - Deloitte
    Various kinds of aid are available, including direct subsidies, loans and grants for environmental and R&D projects . liquidating a subsidiary may be written off.
    http://www.deloitte.com/assets/Dcom-Global/Local%20Assets/Documents/Tax/Taxation%20and%20Investment%20Guides/2011/dttl_tax_guide_2011_Netherlands.pdf

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    Treasury Alliance Group - PhoenixHecht.com
    to pooling so understanding the nuances – and tax implications – is important. One thing . with multiple cut-off times, making it extremely difficult . intercompany loans unless all movements take place within the same legal entity. . charge fees and do not need to take a portion of the interest spread, thus investment rates .
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    General : Grant Thornton Tax News
    May 13, 2011 . Hotel buildings may be written off for tax purposes at the rate of 5% per . shareholders' loans and inter-company loans on which interest is .
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    Gala Coral Group Limited
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