HW[o}'?XI4.HEPibAJ(0l^zfjsTZCVy\]O-3E Always seek professional financial advice specific to your circumstances from an authorised individual. The rules were substantially revised by FA15 to limit the categories in which the late interest rules apply. Previously the late interest rules applied in four categories of case, where conditions A and B, as set out above, are met. All rights reserved. In our experience of tax due diligence, issues with tax compliance of debt occur more commonly than any other area of tax and their impact ranges from reputational and the cost of 'fixing' the problem to significant delays in transactions and, in some cases . A loan note is a kind of IOU from one party to another. If the rolled-up interest is then paid post sale, any brought forward interest allowance under the CIR rules may not be able to be used. %PDF-1.7
%
British tax law treats a loan note as a qualifying corporate bond (QCB) or as a 'non-qualifying corporate bond' (non-QCB). 2020-09-23T22:37:12+05:30 69,103,932,243,text,;ugV4F9$+WAH4=_+95(8DZFeXAH6QI+96*UDuaqZFT?7Y+95pPDZFSRDZFeX+96H_B`N5T+95gMD#e,IF9!il+95mODZFYTEr]bO@fUTNAH6fPFT?F^+95gMA,p c=^*Wuq8r4Jg)QHb+[&___#fmWY5,O8=VZ2"#$U,+.SKKC8[k0Q?--dnFQNVmu"9;5gf!ICROQf8R0E^bZNB>)Sn&VVo9PTMQ-UUL9t,DCNAQ&lK.,mR=pBX\7TF]+KTA1^`L"cZoTh/"L62kD9 bO 41;Bd*j27h8%IHucu+-eCPQ":aj,l4K[+>"TZGit7W$i]G'4K[&$**%-rQ1XrS[Wl>M25%DjZ"6"$/EjLAIa["*Do.mAV#F].ReCSa-^kA)qb7r&JOG@3o8WHdM/2\9LD<\d!"!?a:Q%nR;/MthBi.5-PDKoCpJ^SOP_%V7f+g^-kZ5.$X/L?-c#a)YjcHGplA-";iefWuFTRfH;`n(4X0G\eFlq#Mhd"kuV^7&N.&7K(\JOO`ia*].rrAoKofWf;Wn@7'cZGK8cAEm));Ikk0.k])561?T2%LF;;7F9lX*Thr)Tqbh3,BnN&Bts%8i`mX-M4:Zr?ae:Qhd[geDD!;rrfA$kr^"6r+a4-X_pGi&N\PSS!5+Ur!aIc6#l*f1]a)8Q*9+GEQB^(]r+q"pnj][*D[j[Mf%2*XNCq59<^0P`9Ce#NWP&V[*5HW'1t"IC78)]cHYXD%\qXjd.He:Qoa=tR`@-]SARai;/bV9a)>W1WAouc74oXNWTfFdG@)^I]jHUKLj9:I;37POgnBmck1fi,F7R2"M'O7a#.)I->C_AH%,n='R%hcWi4jP'$;/HA'@#^EjLD5D5i%t3tK@gb>'IXa!LJo8^O/F@Y.guEVe0;nWE^*D52!20A74(I'FQcjnQ4+9bH:XYL\e\X$j2>V1\De9[V#7&[7e+0Pbsp[j2YUf^Q(<]+iK"\Cn-CEqB/;,WU41lrD]=YuK%8rr2Bc?uGuEjNHY13d\bf0#$>6q'S_^oiAj(rNff.?7=MQ5pHqD_O;`J_G9"MAQbm?<8FIl-$GZ:-!3n73E7\@2btlo(6MPC8ChB<#H'DDPD)h1N@s/+JO9jh\*:>^8CtZ83csh8n!%knM.bW$u8^a[91"Fq74()5MVjIB%DZ*:L)`NGfs'QErnhH\R>O"3W3fKp5lF^S9L`+-WD`)n&,S-h69Do$JKX!.pF1LWXd$
rY$qQ['Uh-:X_hut,J#i?3^MP92'G-c/i7jQ[Ld9=G"KjI6K`G]s:A2T0>T<&6pbZDM.Y