GCLAC and Replacement asset relief: Difference between pages

Revision as of 07:34, 4 March 2022

1. UK tax - capital gains.

Alternative name for Business Asset Rollover Relief.

2. Tax.

More broadly, any tax relief that defers tax on gains on disposals, when disposal proceeds are reinvested into other qualifying assets.

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-''Bank resolution and recovery''
+.  ''UK tax - capital gains.''
-Gone Concern Loss Absorbing Capacity.
+Alternative name for Business Asset Rollover Relief.
-Usage in the field of bank recovery and resolution has taken time to develop. The acronym was sometimes just GLAC that is defined as 'Gone-Concern Loss Absorbing Capacity'.
+.  ''Tax.''
-GCLAC focused on the loss absorbing capacity of bail-in-able debt to replenish equity.
+More broadly, any tax relief that defers tax on gains on disposals, when disposal proceeds are reinvested into other qualifying assets.
-The [[FSB]], that had used 'GLAC' has now changed to the term [[Total Loss Absorbing Capacity]] (TLAC).
 == See also ==
-* [[Total Loss Absorbing Capacity]]
+* [[Business Asset Rollover Relief]]
+* [[Chargeable gain]]
-*[[Capital adequacy]]
+* [[Depreciating asset]]
+* [[Jurisdiction]]
-*[[Loss absorbing capacity]]
+* [[Partial re-investment]]
-*[[PLAC]]
-*[[Recovery]]
-*[[Resolution]]
-*[[SLAC]]
-*[[MREL]]
-*[[Gone concern]]
-*[[Bailin]]
-[[Category:Compliance_and_audit]]
+[[Category:Accounting,_tax_and_regulation]]
-[[Category:Risk_frameworks]]