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New Corporate Interest Deduction Rules

Our client is a UK subsidiary of a multi-national group with trading and investment operations all over the world. Following a change in the rules on the deductibility of corporate interest, we approached our client to make them aware of the implications of these rules and to discuss practical changes they could make.

How we helped our client
We initially contacted the group’s tax advisors (a Big Four company) to advise them of the changes and it was clear that these had not been taken into account for forward planning. We provided the group with a model showing how the relief could be claimed and where restrictions might apply. We supplied the group and its advisors with a summary of the new rules and then participated in the planning to ensure that the group was not adversely affected by the new rules. EQ now participate in the group tax-planning discussions.

For more information or to discuss further, please contact the International Tax – For Businesses Taxperts.

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