HMRC has published Spotlight 27: interest relief avoidance schemes, which adds to its ‘Spotlights’ list of tax avoidance schemes those that involve interest relief for loans taken out to invest in trading partnerships. This follows the recent First-tier Tribunal decision in HMRC’s favour in Brain Disorders Research Limited Partnership. See www.bit.ly/20r8K1g.
HMRC has published Spotlight 27: interest relief avoidance schemes, which adds to its ‘Spotlights’ list of tax avoidance schemes those that involve interest relief for loans taken out to invest in trading partnerships. This follows the recent First-tier Tribunal decision in HMRC’s favour in Brain Disorders Research Limited Partnership. See www.bit.ly/20r8K1g.
