Published on 11 Feb 09
by NATIONAL DIVISION, THE TAX INSTITUTE
This presentation covers the application of the TOFA hedging method to hedging of net investments in foreign operations, exempt dividend income and interest rate hedges through worked examples to illustrate:
identification of the appropriate hedged item
the contemporaneous documentation required
how effectiveness is tested
what the different book and tax treatment means for the ineffective portion
other differences between book and tax treatment
what happens when things change: effectiveness, consolidation and accounting changes.
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