London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Income tax on interest paid a big disappointment

For everyone who finds CT61s a real hassle, I was really excited at the potential good news ………

The government is consulting on draft Finance Bill legislation exempting certain unlisted securities from the requirement to deduct tax on interest.  These loans, known as ‘private placements’, have to meet certain conditions, including a minimum three year life and the payer being a trading company.

Then I read that the minimum loan is likely to be £10 million; so – in reality – of little use to SMEs, probably the businesses who really need the most help from the imposition of red tape.



Date: 16th January, 2015
Author: Cathy Corns


Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.


#Tax traps to watch when selling your main home - main residence relief and CGT risks…

Mercer & Hole partner, Andy Turner gives his views on ‘Audit of the future’…



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn