Norfolk and Montagu on the Taxation of Interest and Debt Finance (Bloomsbury Professional) is a comprehensive guide to the law relating to the taxation of interest payments and receipts in the case of both individuals and companies. Wide ranging in its coverage, exploring the ways in which both UK and foreign source interest is taxed, it deals with the question of what constitutes interest and explores the circumstances which give rise to tax liabilities and reliefs. An essential looseleaf service for all business tax practitioners. (Previously titled Norfolk’s Taxation of Interest and Loan Relationships).
" ... an invaluable resource ... thoroughly recommended." Malcolm Gunn, Taxation Magazine, 2010
Now updated to include Issue 24 (December 2013).
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Chapter 5 Charge to income tax
Chapter 7 Corporation tax and loan relationships
SEGMENT 2 BOUNDARIES OF THE 'LOAN RELATIONSHIP' RULES IN CTA 2009, PART 5
SEGMENT 5 THE ROLE OF GENERALLY ACCEPTED ACCOUNTING PRACTICE
SEGMENT 7 SPECIFIC STATUTORY PROVISIONS RELATING TO THE COMPUTATION OF PROFITS AND LOSSES
SEGMENT 10 OVERRIDES – LATE PAID INTEREST AND DEEPLY DISCOUNTED SECURITIES
SEGMENT 11 OVERRIDES – CONTINUITY OF TREATMENT WITH A CAPITAL GAINS GROUP
Chapter 8 Deduction of income tax from interest and information reporting