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Private Equity Debt

Mark Baldwin, Tax Partner, Macfarlanes, discusses the recent announcement from the Inland Revenue which will have a significant impact on private equity debt

 
Mark Baldwin Tax Partner Macfarlanes discusses the recent announcement from the Inland Revenue which will have a significant impact on private equity debt
 
On 4 March the Inland Revenue announced two changes to be introduced in this year's Finance Bill which will have a significant impact on the tax relief available to many companies in which private equity funds invest for their financing costs.
 
The first change is to the transfer pricing rules in Schedule 28AA to the Income and Corporation Taxes Act 1988. Broadly these rules apply where provision is made between two entities and there is a prescribed control relationship (typically...

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