MREL and Marginal relief: Difference between pages

Revision as of 09:35, 8 October 2013

UK Corporation Tax. Tax relief for companies or other organisations whose taxable profits are in between the upper limit for the (reduced) small companies' rate and the lower limit for the (full) main rate of Corporation Tax. Marginal relief smooths the transition from the reduced rate of corporation tax to the full rate.
UK Capital Gains Tax (CGT). Tax relief in relation to disposals of assets for proceeds which are marginally above the threshold for total exemption from CGT, reducing the amount of tax would otherwise be payable.

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-''Bank resolution and recovery''
+#''UK Corporation Tax''.  Tax relief for companies or other organisations whose taxable profits are in between the upper limit for the (reduced) small companies' rate and the lower limit for the (full) main rate of Corporation Tax.  Marginal relief smooths the transition from the reduced rate of corporation tax to the full rate.
+#''UK Capital Gains Tax (CGT)''.  Tax relief in relation to disposals of assets for proceeds which are marginally above the threshold for total exemption from CGT, reducing the amount of tax would otherwise be payable.
-Minimum Requirement for own funds and Eligible Liabilities.
-The term used in [[EU]] legislation (2014/59/EU[http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014L0059] for the loss absorbing capital ([[LAC]]) of certain financial institutions.
+== See also ==
+[[Marginal rate of tax relief]]
+[[Category:Taxation]]
-MREL comprises the total of a bank's:
-*Loss absorption amount; and
-*Recapitalisation amount.
-==See also==
-*[[Bailin]]
-*[[Capital adequacy]]
-*[[Eligible liabilities]]
-*[[Gone concern]]
-*[[Loss absorbing capacity]]
-*[[Loss absorption amount]]
-*[[Own funds]]
-*[[PLAC]]
-*[[Recapitalisation amount]]
-* [[Recovery]]
-*[[Resolution]]
-*[[SLAC]]
-*[[Total Loss Absorbing Capacity]]
-[[Category:Compliance_and_audit]]
-[[Category:Risk_frameworks]]