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Corporation Tax: Loan relationships: recapitalisation scheme
Practical Law UK Articles 9-627-1038 (Approx. 3 pages)
Corporation Tax: Loan relationships: recapitalisation scheme
by Norton Rose Fulbright LLP
| Published on 28 Apr 2016 • United Kingdom |
The First-tier Tribunal has held that a scheme to recapitalise two subsidiaries by way of a forward sale agreement did not produce a loan relationship debit.