Amendments to the consortium relief link company concept in the draft Finance Bill 2015 conclude a protracted period of change for this concept, driven by EU law. Ben Jones and Sarah Illidge (Eversheds) report.
The amendments to the consortium relief link company concept in the draft Finance Bill 2015 bring to a close a protracted period of change for this concept driven by EU law. The removal of all location restrictions for a link company should prevent any further EU legal challenges to this aspect of the UK consortium relief rules as well as simplifying effective group tax consolidation for UK-based companies.
Consortium relief (or more accurately group relief...
