Hosted on Bloomsbury Professional’s easy-to-use online platform, Norfolk and Montagu on the Taxation of Interest and Debt Finance provides an authoritative, pragmatic and accessible guide to the taxation treatment of interest and debt finance for both individuals and companies.
Continually reviewed to ensure that the content is accessible and up to date, this leading title was significantly expanded in 2014 with the addition of a new chapter on aspects of the taxation treatment of banks.
Which key topics are covered?
The wide range of topics covered in this text include:
What constitutes interest and whether interest is yearly
Withholding tax and FATCA
The taxation of employment-related and close company loans (including the disguised remuneration rules)
Stamp tax, IHT, CGT and VAT treatment of interest and loans
The taxation of repurchase and stock lending arrangements
What have recent releases covered?
The most recent issue offered commentary on the EU Savings Directive 2014, Finance Act 2014 and HMRC’s April 2014 Technical Note on reform of the loan relationship rules.
What will forthcoming releases cover?
The December 2014 issue will feature new material on QCBs
Forthcoming issues in 2015 will address HMRC’s response to IFRS 9
When should you consult this resource?
The expert advice within this text is invaluable in a wide range of day-to-day scenarios, such as:
Advising a private client from an income tax, CGT or IHT perspective in relation to a borrowing or debt investment
Determining whether interest has a UK source
Restructuring the borrowings of a group of companies
Considering whether a compensation payment could be subject to withholding tax
Understanding the approach taken by the courts to ‘deeming’ provisions and ‘purpose’ tests
Consulting commentary on repealed provisions when considering how to respond to a ‘follower notice’
Want to see this online service in action?
To request a live demo from our expert team, or to sign up for a free trial, email [email protected] or call 01444 416119. You can also contact our sales team to find out about subscription costs for 3+ users.