Tax deductability of corporate interest
20 July 2016
Following the lead given by the OECD’s BEPS project, the UK Government intends to restrict the tax deductibility of interest, from April 2017, for all companies (including non-resident landlord companies). Their plans have taken further shape with their latest consultation on the detail of the proposal. This is a particular concern for some highly leveraged sectors (such as private equity and real estate) but these plans will affect any company subject to UK tax.
click here for further information