This authoritative text on the law and practice of taxation of companies combines definitive analysis with practical, problem-solving advice. The 8th edition has been reorganized into five sections to improve accessibility. The work has also been extensively revised and updated to include the latest legislative developments. It includes commentary on the New Capital Allowances Act 2001 and Finance Act 2001, as well as sections on other recent developments. In order to help the reader keep pace effectively with changes in the law, the work has changed from a hardback book plus supplements to a new, regularly-updated looseleaf format. The developments covered in this edition foreign exchange legislation; financial instruments; Schedule 18 ICTA 1988; Section 179 TCGA 1991; depreciatory transactions; Capital Allowances Act 2001; and the Finance Act 2001.